M
Minreg
Guest
Hi,
My parents sold a house in a way that left their name on the title. Maybe thats called assumption? Now the people who bought the house are not making the payments. The house is vacant. Its been a few years since they sold it to them. Meanwhile, my parents have had their credit ruined because of this. They even have trouble getting a rental because of the credit problem. The mortgage company does not seem too forthcoming with info. Although they did say that the payments are continually behind.
I can see no good happening in this situation. The botom line is my parents would like to get the house back if they can, or stop the credit problem.
Can this be done?
Thanks for any info,
Greg Hrin
Florida
My parents sold a house in a way that left their name on the title. Maybe thats called assumption? Now the people who bought the house are not making the payments. The house is vacant. Its been a few years since they sold it to them. Meanwhile, my parents have had their credit ruined because of this. They even have trouble getting a rental because of the credit problem. The mortgage company does not seem too forthcoming with info. Although they did say that the payments are continually behind.
I can see no good happening in this situation. The botom line is my parents would like to get the house back if they can, or stop the credit problem.
Can this be done?
Thanks for any info,
Greg Hrin
Florida