D
drangel
Guest
What is the name of your state?Colorado
We sold our home in Denver carrying 20% of the loan from buyer. She defaulted and the home went into foreclosure the first time in March. We started the steps to buy back the property. Had all the appropriate time frames covered with all the paper work in. The case was turned over to another person who didn't follow up and let the time go by until we only had a few days to get our offer accepted. It wasn't and the bank bought the home 6/9. We have a promissory note with the deed of trust for the 20%. We now have 75 days to do something, but not sure what our options are at this point. What do we have to do so we can get our 20% or most of it out of this mess? Buyer said she would pay back the loan, but am afraid she will file bankruptcy and then we won't be able to get the money back at all. The amount is $37,800.
We sold our home in Denver carrying 20% of the loan from buyer. She defaulted and the home went into foreclosure the first time in March. We started the steps to buy back the property. Had all the appropriate time frames covered with all the paper work in. The case was turned over to another person who didn't follow up and let the time go by until we only had a few days to get our offer accepted. It wasn't and the bank bought the home 6/9. We have a promissory note with the deed of trust for the 20%. We now have 75 days to do something, but not sure what our options are at this point. What do we have to do so we can get our 20% or most of it out of this mess? Buyer said she would pay back the loan, but am afraid she will file bankruptcy and then we won't be able to get the money back at all. The amount is $37,800.