I purchased a home in '98. I lived in it with my son until '02. Since then, he and his wife have made all the payments but the house and lot rent are still in my name. They have decided to move this summer whether it is sold or not. Which means I will be responsible for it. Problem is, I live 500 miles away, and have purchased a house with my new husband. We cannot make payments on both houses, and renting it out is out of the question, the lot rent and payment are $1100. I owe $61,000. I would like to contact the lender and let them know what is going to happen before it does, no late payments yet. But I have to let it go back if it doesn't sell. What can I expect??
2007-03-28
12:33:10
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3 answers
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asked by
Kathryn C
1