All Forum Posts by: James R.

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Thank you for your replies Albert! 

The fact of the obligation to the mortgage is key here. 

I need to get my hands on that loan note to see what I signed and what I didn't! 

After having a long discussion with my parents this weekend I have learned at this point, the mortgage is not in good standing and has been sold several times to other banks. 

According to my parents they do not know what bank "owns" the home right now to make the payments to??? 

I wonder if the loan officer would suggest using another person to apply with my wife for the loan to go through....

@Wayne Brooks

The condition for this particular question is:

provide explanation if any ownership on the property

I believed I ended up being a co-signer.... Im not sure I was 22 years old and my parents keep saying they don't have the note. Im thinking I need to go to county clerk office tomorrow to figure it out myself. 

Hi All,

I'm a first time home buyer and received a home loan approval with conditions this past weekend! I need advise how to do a letter of explanation explaining that I helped my parents refinance their house 9 years ago and they are currently attempting loan modification or short sale. The loan was done through a family relative but since it never showed up on my credit reports all these years I thought it never went through. I have not lived there for 8 years and never once made a payment for their house. Basically, I found out through the underwriter that I am listed as a property owner! Can my loan get denied?