InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Code References 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Facing foreclosure in San Diego Posted by JD on August 08, 2006 at 4:22 PM In Reply to: Re: Facing foreclosure in San Diego posted by JD on August 08, 2006 at 4:14 PM : : Christian, your parents are in a real tough spot. I know the area, I'm a real estate broker and you have to act immediately with the lender. Apparently the one lender holds both the first and the second. You must not waste another minute with this as it is not even worth what your folks paid for it back in March, trust me on that. If you want to discuss this further feel free to call or email me. I will be at the meeting Tomorrow evening in case you want to meet me. 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. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Christian, your parents are in a real tough spot. I know the area, I'm a real estate broker and you have to act immediately with the lender. Apparently the one lender holds both the first and the second. You must not waste another minute with this as it is not even worth what your folks paid for it back in March, trust me on that. If you want to discuss this further feel free to call or email me. I will be at the meeting Tomorrow evening in case you want to meet me. : 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. 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. Read our privacy policy.

Copyright © 1997-2006, InnoVest Resource Management
http://www.foreclosureforum.com

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