Need more info

Posted by Greg on October 21, 2006 at 06:41:41:

In Reply to: Still owing after Trustees sale posted by Cheryl on October 20, 2006 at 12:51:01:

OK, you purchased your brothers house. Did you get a new mortgage or buy it subject to the existing financing? What state is the property in? And lastly, based on your email address you work with attorneys - why are you posting this question to a bulletin board?

: I purchased my brothers home to keep him from foreclosure, providing he make the payments. He made 2, and now it is going to Trustee's sale Nov.7. Since only 2 payments were made and the market is down, will I have to pay the rest of the loan if they don't get that much for the house?

Follow Ups:

• Re: Need more info - Cheryl 12:33:49 10/23/06 (2)
  • Re: Need more info - Cheryl 18:07:29 10/23/06 (1)
    • Re: Need more info - BigMike 00:43:54 10/25/06 (0)

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Comments:
: OK, you purchased your brothers house.  Did you get a new mortgage or buy it subject to the existing financing?  What state is the property in?  And lastly, based on your email address you work with attorneys - why are you posting this question to a bulletin board?

: I purchased my brothers home to keep him from foreclosure, providing he make the payments.  He made 2, and now it is going to Trustee's sale Nov.7.  Since only 2 payments were made and the market is down, will I have to pay the rest of the loan if they don't get that much for the house? 

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