Recent content by eajonesyk2

Thanks again for the all the advice. I will pass it along to my dad. Eric

in the dark Check out the thread titled "Father cosigned for daughter now in default". One of the questions I asked was this: Q: Is it likely they will try to contact him(the father who cosigned) before starting the foreclosing process? A: GENERALLY the rule is that the mortgagors must be...

What is the name of your state? Oregon Can a lender garnish or otherwise collect from pension income? Thanks, Eric

Got it now "No. I believe GENERALLY the rule is that the mortgagors (pa and whoever else signed it) must be notified at the address on the deed of trust or mortgage." I think I got it now, unless sis or hubby volunteers that they have received a notice of foreclosure, pa is in the dark. I...

Dazed and confused I not sure I got this one: "GENERALLY the rule is that the mortgagors must be notified at the address on the deed of trust or mortgage." So you believe that my "pa" should be notified before they start the foreclosure process. If my sis and/or hubby refuse or ignore the...

What is the name of your state? Oregon My Father who resides in Washington State cosigned on a mortgage for my sister and her husband. The home they purchased is in Ohio. They have not made there last four payments and my Father is worried that the lender may foreclose on the property and come...

Thanks Thanks for the advice. Would it be prudent to recommend to my Father that he "demands" that they sell the home and provide any payments to them that are necessary to prevent foreclosure and complete the sale? If my sister and her husband refuse or ignore the request to sell the home and...

Nuts That's what I was afraid of. I agree they should sell the house. It is in a depressed area of Ohio(West Farmington) and they have very little equity in the home. I am worried they will have trouble selling it, let alone make enough from the sale to pay off the mortgage, realtors fee's...

What is the name of your state?What is the name of your state? Oregon My Father cosigned on a mortgage loan for my sister and her husband who live in Ohio. They are four payments behind now and the house may be foreclosed on. If they are eligible for and file Chapter 13 will my Father be off...