|
Foreclosure Forum |
|
|
Re: Good news...In Reply to: Re: Good news... posted by Kristine-CA on June 09, 2009 at 3:53 PM if they had wanted to take over the property, i would have told them that in order to get the property in the position that it is today, we have had to put "x" dollars into it. and would have asked for that "x" dollars back, on top of what the original amount was. i might have been willing to start some sort of class action suit against this ridiculous policy, if they refused - which i would expect them to do. the lender is forced to start right away, to keep the property safe and secure, etc. there is no way that the govt should be able to come in later, and take the property without reimbursing the lender for his trouble. as i said earlier, i am sick of the intrusiveness of our govt. i no longer lend on owner occupied sfrs. the govt seems to think nothing of coming in, and changing a legal agreement between 2 parties. if i ever get that bs on a non-owner occupied sfr, i wont lend on those, either. many lenders are following my suit. i am sure that you have some complaints about the govt concerning your business. btw, this is the first time i have had an irs lien on a property that i took over. as i told you in the past, these are the first groups of properties that i have ever had to actually own.
Follow Ups:
Post a Followup:
|
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-date("Y"), 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