Hi to all, Happy New Year!
This site has been a savor for many questions that I had going through my house situation. I am currently going through a short sale with Citi on a house in only my name (bought it before I got married). They are reviewing still since November, our close date for the buyers is Jan 31st. Citi put me on a forbearance agreement while my short sale was being processed and it ruined my credit due to Citi reporting to the Credit bureau that I am late on all my payments since Oct. My wife and I need to relocate do to work and I am trying to find the best way to get another mortgage. My wife doesn't make a lot of money so we don't qualify for much. My realtor talked to me about getting an adjustable rate mortgage in my wife's and my father's name, then doing a streamline refinancing after 6 payments in order to get my father off of the loan. Can anyone give me more information regarding this process if it exists? Do I have any other options?