She went into detail that it was safe to do and included how sucessful she had been with it. Her boyfriend was the orchestrator and he recieved 8000.00 of the 20000 i got and she made sure of that. The program allows the sellers to use my good credit for a fee,pay off their mortgage and pay the mortgage for 12 months so that they can improve their credit and repurchase their property.All this while they are allowed to remain in the property for the 12 months.They were only held accountable for paying the property tax and insurance which they did not pay and I just found out that is in my name as well. Now when I call any of them they tell me that I will have to take care of it. I am on disabilty and currently suffer from mental health. They told me some risk were involved at the interview all the sellers said for certain they just needed time and they would get their property back. So far one sellers did not come back and now I am stuck with a over priced distressed property. Help!!!!!
2006-12-14 15:44:51 · 5 answers · asked by Adrian P 1 in Business & Finance ➔ Renting & Real Estate
That whole thing sounds pretty illegal to me. You probably should have thought of what could go wrong with letting people with bad credit use your credit...if nobody else would give them a loan why would you trust them with your money?
2006-12-14 15:50:52 · answer #1 · answered by ? 4 · 0⤊ 1⤋
Basically, you all defrauded a lender and it is illegal. Unfortunately it's common and I see it all the time. At this point, talk to a lawyer because you're in a big world of hurt. You probably can't even evict the old tenants.
If you need to know the specifics on how this works, shoot me an e-mail.
Regards
2006-12-14 17:25:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
What she did was illega. She and her boyfriend both scammed you in a way that the law of the United States deems immoral and unlawful. The best thing you can do right now is IMMEDIANTLY contact a law firm and discuss the problem. My best advice for you is to try to get the money back and have them pay for it, or try to sue.
2006-12-14 15:48:18 · answer #3 · answered by Anonymous · 1⤊ 0⤋
DOH!
Keep in mind that anything that sounds too good to be true probably is.
You are going to need a lawyer.
Sue this shite out of them.
2006-12-14 15:49:49 · answer #4 · answered by sshazzam 6 · 1⤊ 0⤋
Got a good Lawyer ?
2006-12-14 15:50:08 · answer #5 · answered by jimbobob 4 · 0⤊ 0⤋