What is the name of your state (only U.S. law)? PA
I was wondering if anyone has heard of this and why the bank is offering me money. I co-signed a mortgage over 15 years ago. Only had the loan for a year or two until we refinanced and got me OFF the mortgage. It was a modular home where their is a title. At the time of refinance they never changed the title or anything so my name is still on the title that we have. The property was recently foreclosed upon and the bank that purchased the property is having there realitor contact me offering me money to sign over the title. So my question is why are they offering me money to sign over the title and since I was NOT on the mortgage do I have any legal stand in this?
I was wondering if anyone has heard of this and why the bank is offering me money. I co-signed a mortgage over 15 years ago. Only had the loan for a year or two until we refinanced and got me OFF the mortgage. It was a modular home where their is a title. At the time of refinance they never changed the title or anything so my name is still on the title that we have. The property was recently foreclosed upon and the bank that purchased the property is having there realitor contact me offering me money to sign over the title. So my question is why are they offering me money to sign over the title and since I was NOT on the mortgage do I have any legal stand in this?