Lenderama.com - Latest Comments in Better know what you are doing

Re: Better know what you are doing

Ricardo Bueno — Thu, 24 Jan 2008 04:39:14 -0000

My sympathies to the home-owner.

That quote should be made a classic!

Re: Better know what you are doing

Mike Mueller — Wed, 23 Jan 2008 23:49:26 -0000

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.

Re: Better know what you are doing

LaShon James-Major — Wed, 23 Jan 2008 22:55:49 -0000

That's sad. I don't know what I would do if I lost 40,000!

Re: Better know what you are doing

Franklin — Wed, 23 Jan 2008 20:35:33 -0000

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.

Re: Better know what you are doing

Diane Cipa — Wed, 23 Jan 2008 19:30:33 -0000

Shocking, absolutely shocking. Foreclosure sales are no place for amateurs. Gotta have a professional check that title before you bid. Wow.