Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Are there companies that will buy out your mortgage and refinance so you can save your house? - I ask this question on behalf of my mother. My mother had to file for bankruptcy awhile back to save the house. Recently she lost another source of income and now does not know how she will be able to make her bankruptcy court payments, her mortgage payments, and other utilities.
She had made mention to me that she had saw a commercial for people or companies who would buy your house, and then you would sort of refinance with them. Since she filed for bankruptcy she really is in no position to be able to refinance the house to a lower payment or less interest.
Are there places that will buy out the mortgage and then make arrangements (usually less than what you are paying now) so one could remain in their current house and not have to relocate?
Thanks for your help,
Ed -
