..What does it mean when a house is in a co-signer's name instead of the seller of the house? We are the buyers....does the seller still get money or not? Also why did they do an appaisal on it? and does this mean seller has to move? (The seller is talking about suing the loan officer,why?) Please answer all questions...:)
Thanks.
N.
Additional Details
17 hours ago
The seller inherited the house from her parents when they passed away.U need a co-signer for that? Also she owes the bank a bunch of money,they say they gave her money to fix the house up but she never did. She is bankrupt & is trying to refinance. Can she do that?
Up till now I guess the house was in her name..suddenly,now,it's only in the bank's name. Does that mean it's a foreclosure or they did that on purpose so we can close on the house already/ what happens to her..does she still get the money or no,and does she have to move out now?
Please revise your answers.....;)
Thanks,
N.
2007-08-05
14:38:54
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5 answers
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Anonymous