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Diane Wheatley, Broker

Trulia Pro
"Understanding and Surviving the Housing Crisis"
  • 267 Helpful Answers
  • 316 Answers
  • 41 Blog posts
Broker at Move Up Properties Real Estate Brokerage
Experience:
Broker/Owner for Move Up Properties Real Estate Brokerage March 1991—present
Began my real estate career in residential resale properties in 1991 as a principal buying…
Owner/Manager for Commercial Real Estate Office April 1987—December 1989
Managed the sales staff for an up and coming commercial real estate office in Rancho…
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Specialties:
I consider myself an expert in my region with two decades of experience locating and listing homes for hundreds of clients over the years.
My background
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Certifications
& Awards:
President's Circle - Prudential California Realty 1997 (2nd year in residential resale)
Preview's Properties Top Achievement Awards- , 1998, 1999, 2000,
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Interests:
I enjoy sharing my life with my daughter, 16 years old. We live in Alta Loma, ... show more
About:
Diane Wheatley is a Licensed Real Estate Broker with nearly 20 years experience working primarily in Southern California. This economic down turn is one ... show more
Testimonials:
"I'm writing to you today in regards to my recent home purchase as well as my experiences along the way in my search for the perfect home. My realtor ... show more
Diane Wheatley, Broker answered:
Have you talked to your lender regarding a short sale? Explain the situation to them. Tell them that you have an equitable interest in the property and can no longer risk that the mortgage payments will be made as they are not being paid by you. Ask them what you alternatives are. What if you simply turn your back and walk away? Yes, you are ultimately responsible for the loan but your mom holds the possessory interest which is the other side of the value to the bank. Hence, a foreclosure action would affect all of you.

Your case is similar to the fraud cases we read about all the time. Where an unsuspecting homeowner is duped into turning over their title interest without really understanding what it is that they are doing. I don't know how your relationship is with your mother but she has cheated you out of your right to a fee simple ownership interest in a home that your current title and bundle of rights is now severed. You need to speak to a real estate attorney before you do anything further. Maybe this quit claim deed can be voided if you can prove that it was signed under false pretenses or fraudulent circumstances. I'm sorry for you. What a horrible position to be in. I wish I could help you further. You will get through this though. If there is anything I can do, please do not hesitate to let me know.

Diane Wheatley, Broker
diane@moveupproperties.com - Mon Nov 30 2009, 06:15

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