Legal Question in Real Estate Law in Georgia
How much time is left?
Signed papers to turn house over to an investment company.Owner of company had their mother living there paying the mortage because they were going to purchase the house for her. House went into foreclosure, come to find out all the paper work I signed, didn't take the house out my name. They lived there for almost 2 years and received the tax breaks. I gave up all rights. What recourse do I have against this investment company?
2 Answers from Attorneys
Re: How much time is left?
In addition to Ms. Smith's observation, to anyone else reading this, if your home is scheduled for foreclosure, you will get a lot of calls or letters from people who claim to bail you out, or save your house. You'll fund most (maybe all) are scams like the one in this post. Throw the mail away, or hang up the phone.
Re: How much time is left?
Unfortunately this is a common scam. Sellers should ALWAYS make sure that they are released from liability from any loan that is assumed by a purchaser. That is, unless the seller agrees to remain liable for a loan on property they no longer own.
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