Updated over 9 years ago on . Most recent reply
HELP A CLIENT-LOSING HOME
Hi I am not really sure if I am posting in the right area but I have a client who is currently coming out of a loan modification. Her mortgage has DOUBLED. The borrower cannot refinance because her loan to value cannot exceed 85% on an FHA loan cash out and its having her bring in 4k. There is a 1st and 2 nd mortgage with the same company. I am needing help to see, if there are any companies out there. Private or what not, who would purchase her home then she pay them for the mortgage every month? I know this is not a relatable real estate question but I am also a loan officer and I don't want this older lady to lose her home. please help with whatever info you can.