Banco Santander Puerto Rico Mortgage Complaint

FHA mortgage Loan modification,collection,foreclosure

Banco Santander Puerto Rico Mortgage department,

FHA mortgage Loan modification,collection,foreclosure Puerto Rico

My father was a - Veteran. He purchased a home using a FHA loan in -/-/-. In -/-/- he passed away. None of the heirs are in a good enough financial position to assume the loan. I am the youngest son and I am actually living in the house right now but I am unemployed and do not qualify for a loss mitigation program. The house was put up for sale with no success. My father 's sister ( my aunt ) was interested in buying the house through the short sale program but I am told relatives do not qualify for this program. I find this rule discriminates against the relatives because it essentially allows non-relatives to purchase the home for a lower price than a true relative can. I, as a son would basically lose a home and the family would lose an inheritance if relatives are not allowed to use the short sale program to save the property.

Banco Santander Puerto Rico customer in Puerto Rico
Apr 04, 2015

* Source: CFPB Complaint Database

Banco Santander Puerto Rico response to complaint:
Closed with explanation

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