Legal Question in Real Estate Law in Georgia

Twenty thousand more! Why?

I was basically forced to go with a preditory lender, when my house went into forclosure and I was not able to file bankruptcy because of finances. I recently lost my job and missed a payment, now I am facing eviction. I found a family member who is willing to refinance my house and pay off the contract with the lender, but the lender has tacked on an additional twenty thousand dollars because I defaulted on the loan. This takes my house out of my family member's loan to debt ratio. Is this legal and enforceable? If not, what is my recource?


Asked on 10/05/04, 12:36 pm

1 Answer from Attorneys
Harold Holcombe Harold D. Holcombe, P.C.

Re: Twenty thousand more! Why?

You need to let a real estate attorney review the paperwork. There are a lot of factors involved that will influence an opinion.

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Answered on 10/05/04, 12:51 pm


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