My aunt has a 2-story 2001 home at Glendale, AZ
this month, we are unable to to pay for our monthly payment. It has been on the market for 1 1/2 years now. We had a buyer, but right before closing the funds were not transferred b/c they found that he had been fired in his job.
Anyway, my aunt did a refinance to have money to keep paying the monthly mortgages for that house and the house she is currently residing.
I know this might not be the best place to do this, but we are desperate. The orginal price for the house was 310,000 and it has been lowered to 270,000 but we still have no buyer.
Is it even possible to have someone just continue the monthly payments and have the prop. transferred to their name?
I don’t want to see my aunt do a foreclosure… I need advice.
Sorry this was long, thanks for your time