Refinancing And Retaining Ownership After Filing A Quit Claim

[AREU]

I got financing through a private investor when I was in foreclosure because I did not know where else to get the help to keep my home. Now I want to refinanance and pay back the investor his money that was lent to me to reinstate my mortgage, closing costs, etc. Problem is, they had me sign a quit claim deed. Is it possible for me to refinance even though my name is not on the deed any longer (the investors name is on it) but my name is still on the mortgage??? On top of that the investor has my house up for sale and tells me not to worry about anything because I will be able to stay there and pay the same amount of mortgage. I NEED HELP!! please Email me as soon as possible. It will be greatly appreciated!!!

[Mr. Knowitall]

What does your contract with the "investor" say about your being able to buy back the property? What state is the property in?

[seniorjudge]

AREU, you have been scammed.

Hire a lawyer.

Yesterday.

[Top NY Loan Officer]

I got financing through a private investor when I was in foreclosure because I did not know where else to get the help to keep my home. Now I want to refinanance and pay back the investor his money that was lent to me to reinstate my mortgage, closing costs, etc. Problem is, they had me sign a quit claim deed. Is it possible for me to refinance even though my name is not on the deed any longer (the investors name is on it) but my name is still on the mortgage??? On top of that the investor has my house up for sale and tells me not to worry about anything because I will be able to stay there and pay the same amount of mortgage. I NEED HELP!! please Email me as soon as possible. It will be greatly appreciated!!!

YOu have been scammed...... Hire a lawyer Right away.... There is a law that was expedited in FEb 2007 or its happening in 2008 on sale lease backs. Many investors take advantage of helpless home owners that have a lot of equity , tell them a story that they will keep home for a year and sell it back to them. get a lawyer and get more info