I decided to sell a house, and the fastest way is.......?

Question

to use one of those companies that buys the home from you and pay the mortgage off, I will be making some money, the house is being rented now by some family members who decided to forged my husbands signature to get another mortagage on it, they ruined his credit, I am turning the forged signature to the authorities and selling the house, is this the right thing to do? the family members refused to pay us rent so I am selling the house our lives is a living hell because of this.. I have no experience with this type of problems so we decided by a lawyers advice to sell the home, and press charges for forgery I think we are in the right track are we?

Guys the lawyer told us that to sue Country Wide we would need money because Country Wide the bank that accept this forged signatures is a rich company the lawyer told us selling was the way out.. we don't have money for a lawyer or to invest on anything right now, we have kids my husband he is the one working right now, our own home is falling on top of us need repairs quickly so we are practiclly giving the house for a mare 15 thousand dollars that is after the loan is paid just to get out of this horrible situation, no one would touch us for loans or refianance.. is just a nightmare not having an remote idea of what we are doing makes this just that worst..

because of lack of knoledge it took me a long time to do my homework I have now evidence of the forge signature on the loan papers,this is being going on for about two years now his family refuse to talk to us to give us anything they using the home for a home group business i found out she is the one listed as a tenant not the disable people they have in there they give us no rent just bad credit the house has being for foreclosure 7 times, at my persistance they have the payments current at this time we have to sell before they do it again.

Answer 1

You probably need to decide if you are willing to send family to prison over this. If not, then you'll have a hard time getting anything from the local lender or closing agent (title company or attorney's office) for the fraud they helped out on. If that's the case, you need to sell the house, or keep it as a rental - either way, you first have to have the current tenants evicted.

As far as the crime that has been commited, your relatives are probably not the only guilty party. Somebody had to notarize the loan documents - the loan officer had to see picture identification too. Criminal investigations as well as professional complaints should be filed against these two companies, though I expect they won't go far if you won't also include the criminal charges on your relatives.

Good luck to you. This is a hard position to be in.

Answer 2

Yikes! What a nightmare...

I would avoid those "we buy houses" sorts of companies. Generally speaking, they pay 60-70% of the tax assessed value of the property, which is usually WELL below market value. You'd be better off finding a real estate agent and telling them that you'd be willing to price it in the 80-90% of assessed value range. The house will likely sell very quickly at that price. I always joke that ***I'll*** buy some one's house at the prices those "we buy houses" people will pay.

You should also consult a more aggressive real estate attorney. I believe you have an actionable case against the bank that accepted the forged signature. They're required to use due diligence in their loan process, and if they accepted a forged signature, then they didn't use due diligence. Honestly, I'm apalled that a forgery would've gotten through a bank like this.

Good luck...

Answer 3

I think you are on the right track to ending your nightmare except I would pursue the forgers AND the lender who gave them the loan. The bank will likely have deeper pockets for restitution!

Answer 4

There's a lot you can do. Evict the occupants is one thing, and you can track down who processed the loan locally, and sue them as well.