Facing foreclosure in San Diego

Posted by Christian on July 31, 2006 at 15:21:56: 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 ?
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