they signed a contract in Sept. 30th 1991 to buy a mobile home for $14,500, bear interest at 4% annum, payable in equal payments of $170.00 per month. I thought they were paying my mother, which was fine, but i've just found out that they never even made a payment. NOT ONE! How much do they owe us?
2007-11-29 10:33:16 · 10 answers · asked by BigDog 1 in Business & Finance ➔ Renting & Real Estate
You will need to see an Atty since you are probably well over the SOL for collections in your state.
You could try and trick them by telling them you are suing them but as far as actually be able to you really are out of luck.
I would say take the trailer but it is probably not even worth 1K now and it would take you much more than that to get it moved somewhere or pay on a lot rent. See the Atty to make sure.
2007-11-29 10:42:48 · answer #1 · answered by Anonymous · 1⤊ 0⤋
It took over sixteen years to figure out that no payments were being made ??? Given the amount of time which has passed, you may actually be outside the statute of limitations to bring lawsuit.
Hopefully, your mother still retains title to the mobile home. If not, you may simply be out of luck.
Contact an attorney for further advice. You're going to need it.
2007-11-29 18:45:20 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
Thaty's screwed up. Just try to get the $14,500 by say, $250/month. If they don't agree, get a lawyer.
2007-11-29 18:38:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
All payments you have made, plus the interest lost, plus the balance of the contract.
Not to mention trust.
2007-11-29 18:37:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Maybe nothing since you've waited so long to wake up. The statute of limitations may have run. You need to see a lawyer.
2007-11-29 18:38:22 · answer #5 · answered by Anonymous · 2⤊ 0⤋
$14,500 + 4% x 15.3 years MINIMUM. But it's been so long, you might not get it. Have they been living there this whole time? Why didn 't your mom say/do something?
2007-11-29 18:46:48 · answer #6 · answered by primalclaws1974 6 · 1⤊ 0⤋
there is no amount of money that can replace the trust you have lost. get a lawyer and stick it to them! some family members are pure swine!
include, compound interest, court costs, and lawyer fees and of course, the purchase price.
2007-11-29 18:38:49 · answer #7 · answered by colormehappy 5 · 0⤊ 1⤋
Your mom stills owns the home, call the Sheriff and have them thrown out. If they haven't paid, it's called squatting.
2007-11-29 18:38:48 · answer #8 · answered by Rob 1 · 0⤊ 0⤋
$ 20,257.25=principal and interest paid over 9.9 years
2007-11-29 18:42:01 · answer #9 · answered by klby 6 · 0⤊ 0⤋
GET A LAWYER!!
2007-11-29 18:36:13 · answer #10 · answered by harleygirl 3 · 0⤊ 0⤋