Yes they should…..I buy forclosures at auction and some of the homes I see, are already sold, many people list them with agents before going to auction, and sell this way…..Make sure your cousin calls the bank and explain to them she is going to sell and if that is possible…..If she and you have trouble with the bank, hire an attorney to represent you and negotiate with the bank to close the deal….Best of luck

Yes, It probably won’t help your cousin’s credit though… and they won’t talk to you if they know you are related… Some may even ask you to sing something saying that you are not related. If this is your first time doing something like this, talk to a Realtor… If you are not going to buy it yourself, there are plenty of companies out there that deal with this. If you are in the NC area, drop me an email and I can help, if not, check out the classifieds in your local paper.

-jose-

Yes. She’ll get several letters of forbearance.