Pre-foreclosure: Taking over payments?

[Shanequa J.]

If I found someone who was going to lose their house and I agreed to pay all the back payments in exchange for the title, would the bank really care if I started making the payments and that the title was transferred? Under normal circumstances, they probably wouldn't know if it was transferred, but I'm thinking they might get suspicious when the payments are caught up and made on time.

[Shanequa J.]

Originally posted by Eddie P.:

I tried this when I was first starting out. For over a year everything went well, until a hurricane came through town ripping the roof off. Since I was not the person on the loan, the bank ,(Lehmans Bros.)would not endorse the claim check regardless that I had a full notorized POA from the seller.

I eventually repaired and refinanced a few years later. I still have the insurance check in my drawer as a reminder.

Did the bank mention anything about calling the loan due?