Hey PF, Long time lurker first time caller.
Recently ran into a situation, where I could use some advice. A close family member tried to get a loan modification on their home, and were advised to cease making their mortgage payments in the interim, the modification fell through, but now they have been served a notification of foreclosure. Their account advised them to have someone they trust to buy their home (short sale) so that they can keep their house. They would pay the down payment, and they would pay their mortgage after all was said and done. They have asked a few people in our family, who couldn't for several reasons.
They have now asked me.
My question is does this sound right? Is there nothing else that they can do? Would you fine folks at PF do or consider doing this for someone?
Background info on me: 27, freshly married, not a ton of savings(enough to survive for a few months) and credit in the 500s that I'm actively working to repair(hence not a huge savings account). I make a decent salary in an expensive city.
**EDIT:They are now telling me that they did not make a payment for 3 years while the loan modification was in process. Does this sound right?
Submitted May 02, 2017 at 02:14PM by Pikachu25 http://ift.tt/2quOjno
