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Don't Foreclose
There are investors who will take over your payment and have money to do updates. Look for home investors. Ug is a national home buyer.
don't let a foreclosure go on your credit.
BriantheBanker
Withdraw your application.
You need to formally withdraw your application.
Send a written withdraw letter stating your wish to end your relationship.
Also, request an original copy of your appraisal be printed for you; (pick it up if able) or have it emailed/mailed.
I am based in Lansing, MI...
correction
First off, Why would you fight them saying you don't have a ppp??????
STOP fighting.
second, because NC is a Federally Chartered Bank, they may not follow the state ppp guidelines. (this topic is being actively argued in the industry.)
confussed,
BriantheBanker
bail out
You son should charge her at least 10% (paid to him at close) and require 12 months PITI payments be held in an escrow account.
a hard money lender will charge more (if they would even do the loan.)
You can get this done, without an attorney. A seasoned mortgage professional could...
you screwed up
You had a case until you agreed to end the contract. Had you not agreed to cancel your contract, the seller would have been in breech (i think :D :p ).
BriantheBanker
you sound nervous
Honestly,
If (she) really wants some of your house, it's hers.
I would look for a plan B to offer in lieu of the house (or half its equity.)
Even if she isn't on title, end it on a good note if possible.
Courts do crazy things when both parties are out for blood.
Good luck...
Bail Out
Depending on how the company is disclosing their company, and how they plan to get you the money for your payoff; they may be breaking several RESPA guidlines.
Hard Money Lenders invest their own (or private) money normally for forclosure bail-outs and horrible credit borrowers at sky...
protection.
deed of trust
n : a written instrument legally conveying property to a trustee
often used to secure an obligation such as a mortgage or
promissory note [syn: trust deed]
Instead of an individual using their SS# for a loan, (they) could form the...
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