Asked by nicoleg, 11757 • Wed Oct 3, 2012
I am a 1st time home buyer looking to purchase the home of my grandfather. He passed away 2 years ago (at the time, I was not able to purchase a home as I was in graduate school). At this time, the home is in pre-foreclosure. I know that there are some issues for me as a family member. What are my options and how should I proceed if I seriously want to purchase the home? Is there a way to transfer the mortgage to my name? Is a short sale possible? How fast should I act (the home has been in pre-foreclosure for 2 months now)? My father was the executor to the estate - what are his options? Thank you for your help.
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