QUESTION
Will getting married affect the loan modification?
Asked on Jan 20th, 2013 on Foreclosures - New York
More details to this question:
I have been stuck in a loan modification nightmare for three years with no answer. I would like to get married. My fiancé moved here from another state and has no income yet. I own a business and have a job.
6 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
at
Law Office of D. L. Drain, P.A.
Update Your Profile
There is no way to guess at the answer because the lender has the discretion regarding a loan modification.
Answered on Jan 28th, 2013 at 10:44 PM
Chapter 13 Bankruptcy Attorney serving Winston-Salem, NC
at
Love and Dillenbeck Law
Update Your Profile
Probably not, unless she has income that has to be counted. She doesn't own the home and is not on the loan, so she is of little concern to the mortgage company.
Answered on Jan 24th, 2013 at 10:52 PM
That depends on the mortgage company. Loan modifications are difficult to get, and I would not let that affect your decision to get married. Have you considered a short sale?
Answered on Jan 24th, 2013 at 1:09 PM
Civil Litigation Attorney serving Federal Way, WA
at
Stasch Law LLC
Update Your Profile
It shouldn't. The house is your separate property. I wouldn't say a word about the marriage. It's not relevant.
Answered on Jan 24th, 2013 at 11:13 AM
You're getting married should have no impact on your loan modification.
Answered on Jan 24th, 2013 at 11:12 AM
Bankruptcy & Debt Attorney serving Syracuse, NY
at
Theodore Lyons Araujo
Update Your Profile
The loan modification process is generally a scam by the banks, so getting married should not ameliorate the fraud. However, if she has income that should help you.
Answered on Jan 24th, 2013 at 11:12 AM