Ok the lender for a person on the deed of a deed in lieu but not on the mortgage was told by Quicken Loans that they are not qualified for a loan. That does not seem right. Anyone can be on the title/deed but why punish a person not on the mortgage. Any mortgage brokers and their thoughts on this issue.
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Lori, not sure I follow. Your buyer did a deed in lieu of foreclosure and now is trying to purchase a home. They were on the deed but not on the mortgage?
OK, if that is the case, the first thing I would do is never use Quicken Loans, get your buyer to a local, reputable lender and not an online lender, one who actually makes local decisions and one that deals with the same underwriters who use some common sense