Mortgages Home Loans – bankruptcy modification
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I want to do a loan modification, would lender need co borrowers information if he is going through bankruptcy?
Posted on July 22nd, 2011 No comments
Question by AnnetteM: I want to do a loan modification, would lender need co borrowers information if he is going through bankruptcy?
I am the sole person on the deed and title. Co-borrower is on loan solely for qualification purposes and never lived in home nor contributed to payments. He is now filing for bankruptcy and is surrendering home in his bankruptcy. I am two months behind because of financial issues. Will the bank need his information as far as income and expenses if he is now in BK situation?
Best answer:
Answer by Toni
Just a note:He may not be able to discharge the home in the bankruptcy since he has a co-borrower.Did he get a book on Bankruptcy and research this???
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