InnoVest Resource Management's Foreclosure Forum

Discussion Board "Hands-On" 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 ] Please help-Texas Posted by Helpless on May 01, 2002 at 2:22 PM Please help me. My husband's company was underhandedly taken from us three years ago by a company we merged with, after owning it solely for 13 years. He did not protect us from that possibility, and we have learned a hard lesson. They later forced him to resign, in two weeks he was out with no compensation, and we have had no income since. We have sold off assets up to this point, have no more, and now are behind three months in our mortgage pymt. with notices that they are going to foreclose on our home we have lived in for 10 years. As of today, May 1, we are three months behind, but the payments are not "late" until after the 15th. We have been here once before but paid all their huge fees with the sale of an asset and got back "in the black" until now. We cannot afford a lawyer and were told by one offhandedly that we have thirty days AFTER foreclosure in which to buy our property out of foreclosure. Is this correct? I'm so confused by the home page where it seems to imply that they only need two months to foreclose in TX, instead of three, and there is no "buyout" potential. We have not filed for bankruptcy, and don't want to, though that is always an option and we may be forced to do so. This mortgage company has been very unethical with us ever since we refinanced with them three years ago, if not illegal. They have held our checks several times, causing them to be late, when we sent them "certified" and have proof that they signed for them days before the pymts. were ever late. They have sent checks back to us, demanding cashier's checks, then have charged us hundreds of dollars in fees for being late, etc. Please can you help me and tell me what to do? Follow Ups: Re: Please help-Texas Ward-CA- 8:26 PM, 05/01/02 (2) Re: Please help-Texas e. watkins 2:09 PM, 05/05/02 (0) Re: Please help-Texas Helpless 4:38 PM, 05/02/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Please help me. My husband's company was underhandedly taken from us three years ago by a company we merged with, after owning it solely for 13 years. He did not protect us from that possibility, and we have learned a hard lesson. They later forced him to resign, in two weeks he was out with no compensation, and we have had no income since. We have sold off assets up to this point, have no more, and now are behind three months in our mortgage pymt. with notices that they are going to foreclose on our home we have lived in for 10 years. As of today, May 1, we are three months behind, but the payments are not "late" until after the 15th. We have been here once before but paid all their huge fees with the sale of an asset and got back "in the black" until now. We cannot afford a lawyer and were told by one offhandedly that we have thirty days AFTER foreclosure in which to buy our property out of foreclosure. Is this correct? I'm so confused by the home page where it seems to imply that they only need two months to foreclose in TX, instead of three, and there is no "buyout" potential. We have not filed for bankruptcy, and don't want to, though that is always an option and we may be forced to do so. This mortgage company has been very unethical with us ever since we refinanced with them three years ago, if not illegal. They have held our checks several times, causing them to be late, when we sent them "certified" and have proof that they signed for them days before the pymts. were ever late. They have sent checks back to us, demanding cashier's checks, then have charged us hundreds of dollars in fees for being late, etc. Please can you help me and tell me what to do? 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