Hello MMM fam,
I'm asking for help for a family member...
My sis in law mom would like to refinance her mortgage. However, she was divorced from her ex-husband years ago and the loan is under his name. The deed is under sis in law and her moms name and ex-husband is out of the country.
Interest bearing balance is around $60,000.
non interest bearing principal is around $33,000
From what I was told was they did a loan modification years ago- hence the $33,000 non interest bearing...
what are their option? since ex-husband is out of the country and the loan is under his name...
Thank you in advance for any suggestions/advice.