Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

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   »   lost land

 
Thread Tools Display Modes
Question
 
 
#1  
Old Sep 8, 2006, 03:22 AM
128504
New Member
128504 is offline
 
Join Date: Sep 2006
Posts: 4
128504 See this member's comment history on his/her Profile page.
lost land

need some help on a foreclosure issue

Reply With Quote
 
     

Answers
 
 
Old Sep 8, 2006, 03:54 AM   #2  
Expert
excon is offline
 
excon's Avatar
 
Join Date: Aug 2005
Location: On the outside
Posts: 8,794
excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.
Hello 1:

We'd be glad to supply it too, but we need a little more info.

excon
  Reply With Quote
 
     
 
 
Old Sep 8, 2006, 04:46 AM   #3  
New Member
128504 is offline
 
Join Date: Sep 2006
Posts: 4
128504 See this member's comment history on his/her Profile page.
lost land

We are having trouble with the scotia bank.
In 2000 we switched, our mortage on a mobile home and land, from the cibc to the scotia bank.
The scotia bank made a mistake. In 2001 we bought a house to fix up and move into this when it was finished.
The mobile was to be sold and the money from this would go towards the house.
In late 2003 or early 2004 we discovered that the scotia bank had made mistakes.
We went to the bank to consolidate a few small bills at that time, but they didn't want to do anything unless we were signing a piece of paper that would give them some security.
We were not willing to do that because we would be without a mobile and without a house.
In july 2004 we received a letter that they were going to force this issue on us.
We then went and sought help from a trustee filled a consumer proposel and everything that the bank was trying to do would stop also we were told by the trustee to stop making our mortage payments until this would be settled.
After a few contacts with the lawyer from the bank and the trustee we were told that we shouldn't worry and everything would be settled in no time.
As of yesterday we lost our land, have a mobile,no house any more, was sold recently.
The bank has sold the land under foreclosure, default in payments.
Now we have a mobile and no land to put it on. By filling a proposal we lost our credit can't get a loan anywhere to buy or move this mobile.
In short we were poorly treated by the scotia bank and the trustee,in the past two years this has consumed a lot of time and aggravation and not to metion the endless sleepless nights.
Where can we go from here and what can we do.
Anyone that has any advice, suggestions help just anything.
PLEASE HELP US SOME HOW
  Reply With Quote
 
     
 
 
Old Sep 8, 2006, 05:53 AM   #4  
Computer Expert
ScottGem is offline
 
ScottGem's Avatar
 
Join Date: Jan 2003
Location: LI, NY - USA
Posts: 23,730
ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.
Pay to call ScottGem for advice ($.75/min)
Call ScottGem via Skype™
You need an attorney. I don't know what this "trustee" was or who they represented. But something more seems to be going on here. Before the bank can foreclose on the property there should have been a court hearing. Were you notified of this? Were you notified of the sale?

What alleged mistakes did the bank make?

From what I gather you owned 2 pieces of property, the land where your mobile home sat and another lot with a house that you were fixing up. Did the bank hold both mortgages?
  Reply With Quote
 
     
 
 
Old Sep 8, 2006, 06:09 AM   #5  
New Member
128504 is offline
 
Join Date: Sep 2006
Posts: 4
128504 See this member's comment history on his/her Profile page.
The trustee is a firm that deals with bankruptcy.
They were representing us.
We were not informed officially by the bank or the trustee about the foreclosure sale.
We found out by a realestate agent coming up to take pictures of the land.
The mobile and the house were on the same property.
  Reply With Quote
 
     
 
 
Old Sep 8, 2006, 07:14 AM   #6  
Computer Expert
ScottGem is offline
 
ScottGem's Avatar
 
Join Date: Jan 2003
Location: LI, NY - USA
Posts: 23,730
ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.
Pay to call ScottGem for advice ($.75/min)
Call ScottGem via Skype™
So you were filing or contemplating filing of bankruptcy?

You bought the land with the house, then moved your mobile home onto it while fixing the house to make it livable, is that the situation?

I don't know about Nova Scotia, but in the US, there has to be a court filing before a foreclosure. Since you were living on the property, I don't see how the bank couldn't have found you to serve papers.

Again, you need to get an attorney IMMEDIATELY to file a stay to stop the sale.
  Reply With Quote
 
     


Thread Tools
Display Modes

 
Similar Sponsors

Similar Threads
Question Asker Forum Answers Last Post
Just Land fauvette Real Estate 1 Jul 5, 2006 05:37 PM
Land surveyor Glenn01 Real Estate 1 Oct 25, 2005 12:38 PM
What can I do on my own land? fargo Other Law 1 Oct 23, 2005 04:06 PM
growing the new land naief Agriculture 2 Jul 24, 2005 03:32 PM
land law elle Corporate Law 0 Jul 8, 2004 09:12 PM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 01:07 PM.