larry lessin
  • md
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larry lessin's Page

Profile Information

First Name
larry
Last Name
lessin
State
md
City
gaithersburg

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At 10:35am on November 27, 2009, Chad Ackerson said…
Larry, I know times are difficult and I'm glad you reached out for assistance. There are may professionals here to help. IMO If you are currently making $25,000 per year and your mortgage is $550K, the possibility of the lender modifying your loan is remote. The other challenge is that the purchase of the home by a relative usually MUST BE an arm's length transaction (meaning a different last name, etc). And, if the bank finds out about it... you can just about forget about the bank accepting the short sale. I would contact an agent in your area who has worked with BofA to discuss your situation.
 
 
 

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