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Re: Facing foreclosure in San Diego

Posted by Antonio on August 02, 2006 at 4:34 PM

In Reply to: Facing foreclosure in San Diego posted by christian on August 02, 2006 at 2:06 PM

: My parents teamed up with an investor here in San Diego, They agreed to finance a property using their excellent credit, and the investor would be responsible for all the mortgage payments, and whatever repairs were needed.

: Now the investor has failed to make two of the payments going on to the third. The bank called and said they will file a NOD on aug 12th.

: My parents do not have the money to make up the back payments, or the mortgage payments about 4k a month.

: They need help. They investor is not making the payments.

: What can I do or we do ?

: Title and everything is under my parents name.

Christian,
Do you have anything in writing (ie contract) that specifically states he/she will be responsible for payments so you could legally take action against this POS? Also, do you happen to have his/her name?

Thanks!



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