My husband and I sold some land to my cousin at the end of Nov. 2004. We did is as owner fiancing with a 1% interest rate. The first payment was due in Dec 04, we call and they said they would have it to us the next week. Well, need less to say we called them in January and she said she would bring me the money the next day. February we called again and she said they would have a 1 lump some for us the next week. 6 days later we got a letter from a lawyer saying to quit harrassing their clints as they did not own us any $. Well, we did have legal papers drawn up and promisary notes. They did give us a down payment that was enought to get it relesed from the bank and that was all. Now the house got forclosed on and sold to the highest bidder on the court house steps. The company that bought it is the sister compnay to the company that financed and built it now we are meeting with this company, b/c they didnt let us know they were selling. so do you think we get some money tom?
2007-07-23
10:57:00
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4 answers
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asked by
Mommyof2boys
3
in
Law & Ethics