Ask Experts Questions for FREE Help!
Ask    ||    Answer
 
Advanced  
 

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Law > Real Estate Law   »   bought a home, previous owners are still getting loans against

Answer this Question Ask about Real Estate Law
 
Thread Tools Search this Thread Display Modes
Question
 
 
#1  
Old Nov 22, 2007, 11:11 AM
sandrakaye
New Member
sandrakaye is offline 		 
Join Date: Nov 2007
Posts: 1
sandrakaye See this member's comment history on his/her Profile page.
bought a home, previous owners are still getting loans against
About 7years ago I bought a house from my brother. Him and his in-laws took a condemned house and slapped it together.Here I come.My brother knew my dream of having a place of my own.I didn't know how to buy a house he knew this.In the seven year's I have lived there the roof and floor's are caving in . I don't have a bathroom anymore. I can only use a few outlet's in the house, because of poor and outdated electrical wiring they all are shorting out, and this is a fire hazzard. Since I have taken over 7 year's ago my brother has taken out 3 loan's on my house some how, and I have to pay all of them totaling over 80.000 dollars back ,or I will lose everything I have worked so hard for. I have seen a lawyer about all of this , and she said it was all illegal. She did say I could walk away, but I would lose everything I have worked for , for the last 7 years. I'm not looking for any handouts . I just need someone to help me find some program I can afford to help me. I have done every government grant program you can find and still no help. I have tried loan company's, and no help. Please can you help me. I don't know who else to turn to. THANK YOU SANDY RUSSELL.

Reply With Quote
 
     

Answers
 
 
Old Nov 22, 2007, 11:51 AM   #2  
Christianity Expert
Fr_Chuck is offline
 
Fr_Chuck's Avatar
 
Join Date: Nov 2005
Location: Georgia
Posts: 36,817
Fr_Chuck has disabled reputation
First no, he can not legally take any loan out if you really bought this house. Once you file the deed in your name at the court house ( and you have not really bought it if you did not do that) once that deed is filed no one else can get a loan against it.

I would first sue the seller for any and all money you paid on any loan he took. I owuld also consider turning him over to the DA for illegal activies on selling you a home ( if he really did)

did he sell this to you on some "contract for deed " if so, any loans he takes out is not your problem, they are his, you dn't have to pay a penny on them, he does.
  Reply With Quote
 
     
 
 
Old Nov 22, 2007, 12:39 PM   #3  
Expert
JudyKayTee is offline
 
JudyKayTee's Avatar
 
Join Date: Oct 2007
Location: NY State
Posts: 18,208
JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.JudyKayTee See this member's comment history on his/her Profile page.
Quote:
Originally Posted by Fr_Chuck
First no, he can not legally take any loan out if you really bought this house. Once you file the deed in your name at the court house ( and you have not really bought it if you did not do that) once that deed is filed no one else can get a loan against it.

I would first sue the seller for any and all money you paid on any loan he took. I owuld also consider turning him over to the DA for illegal activies on selling you a home ( if he really did)

did he sell this to you on some "contract for deed " if so, any loans he takes out is not your problem, they are his, you dn't have to pay a penny on them, he does.

And I would add that if the house is still in his name (no Deed filed) and there is no indoor plumbing (specifically a bathroom) I would run to the local Health Department.

If you are discovered to be living without a working bathroom the house will be temporarily condemned in every jurisdiction I am aware of.
  Reply With Quote
 
     

Your Answer
Email me when someone replies to my answer
Join Login



Answer this Question Ask about Real Estate Law

« Previous Thread | Next Thread »

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

 
Similar Sponsors


Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Similar Threads
Home owners insurance
(2 replies)
Abandoned Home Owners
(2 replies)
Bought home seller hid defect
(1 replies)
Home owners Association
(0 replies)
nj resident bought ny home
(2 replies)

Search this Thread

Advanced Search

Bookmarks

Sponsors



Copyright ©2003 - 2009, Ask Me Help Desk.
All times are GMT -8. The time now is 09:57 AM.