Legal Question in Real Estate Law in Florida

I bougth fixer upper home through a mortage broker while i was still living in my current resident which they said that I can make the payment on both house while I put current resident on the market which I did and meantime I moved to the fixer upper to make the other resident avilable for sale. well it did not work out that well. I finally had to file a chapter 7 and let go of my older resident and lose alot of my 401 money that was used to upgrade and fix the older home for sale.And now Iam having problem with the current home that is still need of repair on the inside but because of the unforseen tile roof thats detaching itself from the roof its been a financial stress. I try to do a loan Mod with the bank, but the reduction offer was not meeting the need because of the constant patch up on the roof so I don't have to repair my in side ceilings which I have more leaks happing right now. Iam in forcloser and I need some advice, I beleive the mortage Broker was not upright in the financial aspect on what can afford. What can I do now?

Asked on 3/18/10, 8:35 am

David Labovitz Labovitz Law Firm, P.A.

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I don't think it was the mortgage broker's responsibility to determine how much you could afford. It sounds like you made some bad decisions.

Answered on 3/24/10, 3:37 pm

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