Any Ideas For A Wfie That Won't Sell?
4 months behind on their payments. Husband wants to sell to me.
Wife doesn't believe that a foreclosure= bank taking house......and therefore doesn't want to sell.
Anything I can do, or is it up to the husband to convince the wife to sell?
tell the husband to dig out their mortgage or trust deed and READ it... after all, they signed it!
It will tell them right in there about how the big ol bank is going to come along and take back their house, and seize the asset that collateralized and provided security for the promissory note, which spelled out the terms of repayment.
Good luck, she sounds delusional, and as such, there may never be a deal unless she snaps into reality quickly. Dave
Have her call the mortgage company - they won't mind telling her. If she doesn't already know, it's because the mortgage company can't get in touch with her, maybe the husband should give them her phone number!
Only the husband is on the loan...and I think that they are having marital problems.
Oh well.....
Though I am not an advocate of deed snatching, I would think that in this situation, you could get a QCD from the husband... essentially owning the home in partnership with the wife.... she might be less inclined to dig in her heels if her husband has already conveyed his interest to you.
Just a thought....
Could the wife be right? Are there any non foreclosure alternatives left unexplored?
refi the loan into her name...but i don't know her credit score yet....
I recently had a similar situation with the cooperative party reversed. The wife wanted to do the deal and the husband did not. After speaking with the husband it was obvious he was in the "Denial" stage that this was happening to him. I simply took the time to explain all his available options and also explain the negative consequences of letting the property foreclose. He said he was going to try and keep the property on his own. I wished him luck and let him know that I was only a phone call away and could close quickly. He called last week and wanted to do the deal with me. He said he appreciated the time I spent explaining the options to him without trying to "force" him and that's why he felt comfortable doing the deal with me. It doesn't always work this way but sometimes a soft sell approach works best with an uncooperative party.