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Why should i pay on a house loan that i didnt get in the first place?

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Icon Mini Profile sassyass_ok





Joined: 01 Oct 2010

Posts: 1

1.00 Dollars($)
Post Posted: Fri Oct 01, 2010 10:58 pm    Post subject: Why should i pay on a house loan that i didnt get in the fir
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My husband passed away in 2008, i moved into a 2 story house that belonged to our "friends", I bought the house for 7000.00 dollars and waited patiently for my "friends" to send me the deeds, Well about four months ago i came home to my house to find a letter on my door telling me that the housse was going to be foreclosed on, come to find out the "friends" i bought the house from had a !8,000 dollar outstnading loan and realtime resolutions was going to foreclose on it, i call they wouldnt tell me anything, i called again, finally they tell me i need to get all my reciepts to gether and send to them i did, then they tel me to get a lawyer(which i cant afford) and a bill of sale, i do both then they tell me i need 4000 dolars as a good faith payment, and after i have done all of this there is NO guarente that i will get to keep the house, i live on a wisows check and have no credit, the people that have the mortage on the house have No intentions of paying the loan, what do i do and why should i have to pay for a loan i didnt get!
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Sun Oct 03, 2010 9:16 pm    Post subject:
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Welcome sassyass,

If you want to save the property, then you will have to pay off the balance dues or ask your friends to pay it off. Unless they do so, you won't be able to save your property.

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Procrastination is the enemy of your financial success
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