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Updated over 9 years ago on . Most recent reply

User Stats

36
Posts
2
Votes
Patricia Mclean
  • Investor
  • Jonesboro, GA
2
Votes |
36
Posts

Can seller do a loan modification in GA

Patricia Mclean
  • Investor
  • Jonesboro, GA
Posted

I have a house under contract with a seller who is 6mo behind in her payments and the house is vacant. I put the house under contract sub 2 with the intent to lease option it to a tenant buyer. My question is can she do a modification on the home to stop in from going into foreclosure and does that have to be done first before closing and putting a tenant buyer in the house? Buyer has already signed an lease purchase agreement for 5years.

Thanks for your help

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