G
glenw
Guest
What is the name of your state? Nevada
Two years ago (2000) my parents walked away from a mobile home they puchased outside of Reno. They paid $16,500 for it, and it was apraised at $18,000. Some time later (months are unknown), for whatever financial reasons, they could not pay the mortgage, they tried to sell it but could not. So they walked away from it.
Several weeks ago someone from Citi Housing Financial called them and said that they owed $10,500 on the loan. The person was verbally abusive and called my parents theifs and liars. My parents have some of the phone calls on the answering machine tapes.
Doing the math it looks like they sold the Mobile home for $6000.
No contact has been made to my parenst from 2000 to 7/2002, regarding this issue.
My questions are this:
1. Can they do anything about the rude phone calls
2. Is there a statue of limitations on how long they can go before contacting you.
3. Can somone resell a repossed house for thousands less and try to recoup the rest of the loan from the previous owners?
4. Can someone legally sell a house for $6000 that appraised at $18000. And try to fall back on the previous owners for the remaining amount.
5. What rights do they have?
thanks for any help anyone can give me to relay to them
Glen Williamson
Two years ago (2000) my parents walked away from a mobile home they puchased outside of Reno. They paid $16,500 for it, and it was apraised at $18,000. Some time later (months are unknown), for whatever financial reasons, they could not pay the mortgage, they tried to sell it but could not. So they walked away from it.
Several weeks ago someone from Citi Housing Financial called them and said that they owed $10,500 on the loan. The person was verbally abusive and called my parents theifs and liars. My parents have some of the phone calls on the answering machine tapes.
Doing the math it looks like they sold the Mobile home for $6000.
No contact has been made to my parenst from 2000 to 7/2002, regarding this issue.
My questions are this:
1. Can they do anything about the rude phone calls
2. Is there a statue of limitations on how long they can go before contacting you.
3. Can somone resell a repossed house for thousands less and try to recoup the rest of the loan from the previous owners?
4. Can someone legally sell a house for $6000 that appraised at $18000. And try to fall back on the previous owners for the remaining amount.
5. What rights do they have?
thanks for any help anyone can give me to relay to them
Glen Williamson