My parents wanted to purchase my home but didn't qualify. They told my father that in order for them to qualify that they should be added to the mortgage with me and my husband (my husband was not previously on either). And in 6 months they with do a modification and remove me and my husband and it would be only them on the mortgage. I questioned this and they said that it would be no problem... When it came time to close we were told that they couldn't put my parents on the mortgage and to add them to the deed and everything would work out.
Well 9 months after we closed my father called me angry because he spoke to Quicken and they couldn't do what they said they would do. Apparently they don't do modifications. So now every couple of months they are calling me to refinance. Are names are still on the home and we got a higher interest rate for nothing!!!
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