InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Accept your parents' hospitality and get your vigor back. Posted by Ward-CA- on March 11, 2002 at 9:42 PM In Reply to: Confused on recent foreclosure posted by Katie on March 11, 2002 at 7:39 PM : I need some help determining what has actually happened. The contractor for my home demanded interim funding prior to starting the work. I worked with him and the broker he referred me to and got the interim loan. The contractor never completed the work as agreed upon and I never received keys to my new home. The interim lender foreclosed on the property and the papers were filed. I called the county clerk and found that the interim lender purchased the home for more than the original loan. What happened here and what happens to the extra funds? This is in Texas and I don't fully understand the laws but the attorneys I've had have drained me of money and I have nothing left except my car and my daughter. I'm tired of dealing with this as I am not finding any help. I am glad that my parents are allowing us to stay with them. I lost my property and the new home as well as my credit rating. : Thanks for any assistance and direction. : Katie ============ Katie, if you are tired of this deal and have no funds and your parents are willing to help you, I'd take their help. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I need some help determining what has actually happened. The contractor for my home demanded interim funding prior to starting the work. I worked with him and the broker he referred me to and got the interim loan. The contractor never completed the work as agreed upon and I never received keys to my new home. The interim lender foreclosed on the property and the papers were filed. I called the county clerk and found that the interim lender purchased the home for more than the original loan. What happened here and what happens to the extra funds? This is in Texas and I don't fully understand the laws but the attorneys I've had have drained me of money and I have nothing left except my car and my daughter. I'm tired of dealing with this as I am not finding any help. I am glad that my parents are allowing us to stay with them. I lost my property and the new home as well as my credit rating. : : Thanks for any assistance and direction. : : Katie : ============ : Katie, if you are tired of this deal and have no funds and your parents are willing to help you, I'd take their help. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2002, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455