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08-17-2007, 09:36 PM
| | Member | | Join Date: May 2007
Posts: 682
| | Quote:
Originally Posted by np2bcp  The completion of the contract for deed was to take place August 6, 2007 when my credit union was ready to issue a pay off balance on the contract but that didn't happen because there was lien on the title of $45,000. The seller cancelled the closing because he said he couldn't pay the lien at that time. | You need to talk to an attorney ASAP. |
08-20-2007, 08:12 AM
| | Junior Member | | Join Date: Aug 2007 Location: Houston, Texas
Posts: 8
| | Quote:
Originally Posted by LindaP777 So if I understand you correctly, the first and (new) second mortgage total more than what you are paying for the property? | yes! the pay off balance on my contract with the seller is $26,000 and the seller also has a loan on this property for $45,000 as well. the home is appraised at $82,000. |
08-20-2007, 08:45 AM
| | Senior Member | | Join Date: Oct 2005 Location: Ohio (southwest)
Posts: 2,251
| | | Get A Lawyer!!!
Last edited by LindaP777; 08-20-2007 at 08:50 AM.
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