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Posted by RobM on August 04, 2006 at 11:06:19:
In Reply to: Facing foreclosure in San Diego posted by Christian on July 31, 2006 at 15:21:56:
Christian,
First of all I want to say how sorry I am about your parents. It's a real shame when people don't live up to there responsibilities, and end up putting people like your parents in a very stressful situation.
If you ever see signs that say we pay cash for houses, you may want to call the number. These are investors looking to help people before they go into foreclosure. They usually can get the sale of the house completed very quickly, and without using a realtor, so your parents get to keep more of their equity. Even if they offer less money for the house, it keeps your parents out of foreclosure, and eliminates that $4000.00 house payment.
: 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 ?
