my husband and I were facing foreclosure with our divroce and consulted with a company that helped struggling homeowners out of their existing loans. I decided to go with this company to help me.
I signed a quitclaim deed and the company cut my husband and I a check each for $1000. I was told the rest of the documentation would be mailed to me. It never was.
I am looking to buy another house and pulled my credit report. I learned that this house was never sold & the mortgage is still in my name. The 'company" i sold the house to, fixed it up and now has a renter there making payments to MY mortgage company in MY name......is this legally still my house? If the "comapny" that bought it tried to sell it...wouldnt the sale check be cut to me? Im confused!
somehow this doesnt add up and i dont think it sounds legal. Should I consult with an attorney?
Can someone give me some insight?
2007-11-02 09:10:11 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
yes do it now, these people tie up your house for a samll amount and try to reassign the contract and make 10k-20k with out doing a thing if they can't sell it it becomes your problem again
2007-11-02 09:26:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Signing a quitclaim deed does nothing but terminate any ownership interest you may have in the house. Apparently you did not watch what you were signing. The process should have been similar to that which you went through when you first bought the house, including signing a transfer of deed and other similar legal documents.
You CAN take your paperwork to an attorney, but don't expect any great results. I'd guess that you signed for exactly what you got.
And NO, it's not legally your house anymore, since you signed a quitclaim deed. However, the MORTGAGE is still yours.
2007-11-02 16:45:11 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
if its a serious condition...
2007-11-04 09:42:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋