[Bxcutie]

...another home that my lender owns? I relocated to another state and cannot sell my home. Since I have that outstanding mortgage, I'm unable to get another mortgage and I'm forced to pay rent, my mortgage in another state and storage for the items that can't fit in my current abode. Something's got to give because foreclosure will be looming soon. Can I transfer my loan to a home in my current state that my lender owns due to some other unlucky sole's foreclosure?
I relocated to another state and cannot sell my home. Since I have that outstanding mortgage, I'm unable to get another mortgage and I'm forced to pay rent, my mortgage in another state and storage for the items that can't fit in my current abode. Something's got to give because foreclosure will be looming soon. Can I transfer my loan to a home in my current state that my lender owns due to some other unlucky sole's foreclosure?

I've gotten some responses saying that it can't be done, but the property is only attached to the mortgage by a security deed. If the security deed is cancelled and I quit claim the property back to the bank then the mortgage is no longer attached to the property. At that time I cannot see why the bank can't just draft a new security deed and quit claim for the other property to me.
I've gotten some responses saying that it can't be done, but the property is only attached to the mortgage by a security deed. If the security deed is cancelled and I quit claim the property back to the bank then the mortgage is no longer attached to the property. At that time I cannot see why the bank can't just draft a new security deed and quit claim for the other property to me.

[out of work r.e. underwriter]

No, the loan is attached to the property. Note and deed of trust all state property address/legal description.

Hoping you can rent it out and ride it out. Good Luck.

[danny14551]

Nope sorry not transferable. Try renting it out or just let it go to foreclosure.