Buying after Deed in Lieu

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

     

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