I will appreciate anyone's input to my situation. We are currently working an IndyMac second-home short sale with FNMA as the decision maker. Two partners are on the deed, but only one on the mortgage.
FNMA has requested the financials from both sellers, and the seller not on the mortgage is furious and refuses to produce his financials.
Anyone with experience in this situation?
Jim Pitts
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They wouldn't have a foreclosure on their credit report if they weren't on the mortgage - which is the subject of the thread.
Being added to the deed doesn't obligate you to pay the mortgage, nor does it allow a lender to smear your credit.
Brian Avery said:
I have had several clients refuse to supply their financials. They all have one thing in common. A Forclosure on their credit report once the trustee sale took place.
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