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Old 09-26-2008, 07:53 AM
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Default My Home Is In Foreclosure. The Deed Is In My And...

...Husband's Name. Mortgage Is In Husbands Alone.? Can We Quit Claim The Home Into The Name Of The LLC To Try To Stop Or Slow Down Foreclosure? I have 2 ideas to try to save home. 1)I have a small business I just started as a sole member LLC where I am the only member/registered agent. 2) Quit Claim home into my grandmothers name with ours since she lives with us and try to get a reversed mtg through her since she's 75? Will any of this work in Florida to stop or buy us time to find a solution to save home?How is it a fraudulent transaction? As for the house having to be paid for to qualify for a reverse mtg. That is not true, I checked. I just have to have enough equity in the home to support the loan where I don't owe more than house is worth. That's why I proposed adding my grandmother as an owner so that she can get reverse mtg through her age. All this stuff went crazy when my original loan company sold loan, and the new servicer was sending stmts for more than what they were suppose to based on the agreement with original lender. They wouldn't accept what I said and paperwork said my pymt should be, and by the time they finally got original file and straightened it, the mtg was too far behind to catch up, plus we've had emergencies popup that took from money we were holding onto, like 2 major leaks in the home within 3mths, hubby having 2 angioplasty done within 6mths. Its just been horrible. So can I add grandmother and do reverse mtg? This will payoff current lender completely.
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