My family and I moved into this house in May, it was supposed to be an “assignment of title” for us to buy. This “management” company said we can move in, pay $2000 in monthly payments to get the deed in our name, and we would then take over the mortgage. We’ve been making payments each month (into a bank account) that was supposed to cover the mortgage, homeowners insurance, and $80 each month towards the assignment of title fee. We did get receipts.
Well, we’ve been having problems communicating with them since August and just a couple of days ago got a letter in the mail from a lawyer which informed us the house is going into foreclosure in less then two weeks and with 4 small children we are under extreme stress right now. We’ve been trying unsuccessfully for months to contact the person whose name is still on the house with no luck, but managed to find him by locating a relative. We were able to meet up yesterday.Comparing notes with him, we found out that both us and the owner have been giving this “management” company money but they have never made a single payment to the mortgage company!
Both us and the owner want to file a lawsuit against this company, but in the meantime we have no place to go and no money saved up to pay 1st months rent and deposit to move somewhere else. Could there be a way to avoid foreclosure and get the mortgage in our name? Would it be possible for the owner of the house to file an injunction to stop foreclosure, and if so how can we do that?
The majority of people think immigrants just marry Americans to get the green card.I know of a few cases where American people married immigrants to use them for their money.For example,I knew this lady who was going to lose her house so she got with this guy just so she could avoid foreclosure.
Selling Your House Question/foreclosure?
By · CommentsCurrently my boyfriends house is for sale and has been for nearly a year. He really wants/need to sell it so he was thinking of taking the price down to around $100,000 or a little under. It is currently listed at 137 something I believe. Say someone buys it, where does that money go from the sale, him or the bank or what? This is to avoid foreclosure so he was thinking that if he sells it way under what it’s worth if the money from the sale could be used to still pay the monthly payments off the loan all the while trying to not get foreclosed on. Sorry if that was confusing but I really couldnt find the right wording. Thanks to anyone who responds
we have a HUGE monthly mortgage and haven’t paid our bills in like 6 months- so they start our hardship paperwork (to avoid foreclosure and possibly qualify as we have a Fannie Mae loan) as i lost my job. The problem is that my wife has a seperate savings account with about 7k in it that she was saving to open a business with her mother. We have to report all our financial information to qualify for the hardship, including this account. Any advice? Should we just make a big withdraw, but then they’ll see that? Any help would be appreciated. Thanks!
Need And A Advise On Foreclosure??
By · CommentsI am in a big dilemma.. I bought the house 2.5 years ago and about 8 mo my wife got a job at 95 miles away. I drove 30 miles same way. We tried to sell the house but had bo luck and I’will have to move closer to my wife’s job because of the kids. If I don’t sell the house I will stop making payments because we can’t afford 2 payments. The place where I move the market is even worst than where I am now and I tried to contact the bank to see if it’s possible to kind of do a mortgage transfer on another foreclosed house in the new place and they told me that it’s not possible. I don’t know what to do.. How to avoid foreclosure, but can’t avoid two house payment.Can you give me some advise, what should I do?