My question involves real estate located in the State of: Texas
I really could not decide where to post this. I hope this is the best forum.
Four years ago I wanted to buy a house and my Grandmother was going to co-sign. As it turns out my credit was bad enough that we were advised to leave me off the note to get a much better interest rate.
As a result, my Grandmother obtained the mortgage in her name only. She and I both were on the deed.
All money (down payment and all payments made) have been made by me. I have been late a few times with payments, however, and recently dangerously so.
My Grandmother has recently died. Her will directed a 50/50 split of her property between her two children (my mom and uncle). No legal action has been taken by either of them, what money my Grandma had was used for the funeral. She owns another home where she lived when she died.
I have no idea what happens next, what to do, what to expect. I do not believe I can qualify for a mortgage at this point if the mortgage company wants me to assume the loan or refinance, my income is mainly from student financial aid and while sufficient to make payments, not going to work for a loan qualification.
To further complicate matters, when I recently fell behind (2 months) and then got caught up, I have since (today) received a notice of 2 certified mail letters needing to be picked up, at the post office, addressed to my Grandmother. I suspect they are from the mortgage company but haven't seen them yet and have no idea what to do about that or what they could be about. They did send regular mail warning me about being in default, before I got caught up. I don't know why they're sending anything after the fact? I suppose that's another issue for a separate post but I thought I'd mention it.
Anyway, I tried to keep that brief. What do I do?