What is the name of your state? California
I bought two houses back in December and January.
House #1 I was supposed to keep and rent out. I got a little money back from signing the loan. It was to be used to keep the house for a couple of months,"till refi" he said. Months passed, I ran out of money-Agent doesnt answer my calls. Now its in foreclosure. Tenants still live there.
House #2 realestate agent advised me to sign for was so that I could make money. "Might need it to cover the first house..." ect. Agreement was I would sign for it temperarily, later have it tranfered. If the people living in the house missed a payment before they could tranfer the name, the property became mine. All in writing-he said it was done all the time. People stopped paying pretty much as soon as they moved in. I have been hounding this guy for months.
First I got the phone calls. He said tell them you'll pay next month. Then came the letters of foreclosure-he said they were just tryin to scare me. I recently talked to a financial advisor that used to do realestate and she advised I get legal help.
I dont trust agents and loan officers all want to refi. I dont know what to do.
HELP!What is the name of your state?
I bought two houses back in December and January.
House #1 I was supposed to keep and rent out. I got a little money back from signing the loan. It was to be used to keep the house for a couple of months,"till refi" he said. Months passed, I ran out of money-Agent doesnt answer my calls. Now its in foreclosure. Tenants still live there.
House #2 realestate agent advised me to sign for was so that I could make money. "Might need it to cover the first house..." ect. Agreement was I would sign for it temperarily, later have it tranfered. If the people living in the house missed a payment before they could tranfer the name, the property became mine. All in writing-he said it was done all the time. People stopped paying pretty much as soon as they moved in. I have been hounding this guy for months.
First I got the phone calls. He said tell them you'll pay next month. Then came the letters of foreclosure-he said they were just tryin to scare me. I recently talked to a financial advisor that used to do realestate and she advised I get legal help.
I dont trust agents and loan officers all want to refi. I dont know what to do.
HELP!What is the name of your state?