How Can I Qualify for a Loan Modification Program if the Home is Not in My Name? – April

“Dear Steve,

My credit score was too low so my mom decided to help me with my first condo. She took a loan under her name since I could not qualify, but I had been making the mortgage payments ever since. Our names are both on the property title but the loan is only under my mom’s name.

Recently, I took a huge paycut and could no longer afford my high mortgage payments. I looked under the loan modification program but it stated it has to be the primary residence (it is mine but I’m not on the loan). Are there any options to qualify for other loan modification programs?


Dear April,

I’m sorry to break the bad news but you can’t modify a loan you are not on. However, your mother could contact the lender and see what options exist. But any modification is going to be based on her income and credit.

You simply don’t have a loan. The arrangement to pay is a private deal between you and your mom and not you and the mortgage company.

Have you talked over the situation with your mother? What’s she say about it?


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

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