Shocking, absolutely shocking. Foreclosure sales are no place for amateurs. Gotta have a professional check that title before you bid. Wow.
Franklin
· 1 year ago
A bit scary, actually. There must be some disclosure terms being breached here, which the couple can file suit over, I hope. You can't expect someone to forget 40k+ just like that.
LaShon James-Major
· 1 year ago
That's sad. I don't know what I would do if I lost 40,000!
Mike Mueller
· 1 year ago
Diane - There is no replacing a thorough title search, is there?
Franklin - I bet there was (disclosure forms) and I also bet they signed all of them. Who would they sue? The Auctioneer? The Trustee? The 1st Lender? The 2nd Lender?
I don't expect them to forget about it either. If your neighbors brothers best friend suggested you buy stock in XYZ and you did, only to find out that they had filed for bankruptcy the week before, would you hope to sue Charles Schwab? How about the NYSE? Same situation.
LaShon - Or maybe more. The $40 just got them into the place. They had to haul trash, repaint and repair. How about property taxes? I'll bet they paid those and the insurance as well.
All Comments
Franklin - I bet there was (disclosure forms) and I also bet they signed all of them. Who would they sue? The Auctioneer? The Trustee? The 1st Lender? The 2nd Lender?
I don't expect them to forget about it either. If your neighbors brothers best friend suggested you buy stock in XYZ and you did, only to find out that they had filed for bankruptcy the week before, would you hope to sue Charles Schwab? How about the NYSE? Same situation.
LaShon - Or maybe more. The $40 just got them into the place. They had to haul trash, repaint and repair. How about property taxes? I'll bet they paid those and the insurance as well.
That quote should be made a classic!