We purchased a mobile home in November 2007 using two acres as collateral. I was laid off in February 2009. We have not been able to make any

Rondog
Home Buyer
Beggs, OK

payments since. Now they are foreclosing. The surveyor made a mistake on the property deed. I faxed the mortgage company proof showing the documentation. It has been a little over seven months and this is still yet to be corrected. It never was corrected so I signed my two acres back over to my mother-n-law because this issue was holding up her creek nation home from being built on her other acreage. The two acres are now filed in her name at the court house. Is there a certain amount of time they have to correct the deed? Can they still legally get the two acres? What shpuld I do about this situation?

Answers (1)
Don Tepper
Agent
Fairfax, VA
FIRST ANSWER

Get a lawyer immediately.

First, it's unclear from your question what mistake the surveyor made on the property deed.

More seriously (and I'm not a lawyer, so this isn't legal advice: You need to consult a lawyer immediately), it's possible the bank could come after you for fraud. You used two acres of land as collateral, and now you've deeded it back to your mother-in-law. You'd promised the bank that if you didn't make payments, that they'd be entitled to the land. And now you've taken away that collateral. Further, you've possible pulled your mother-in-law into this mess; the bank might well come after her, too. And (again, I'm not a lawyer) they might attempt to tie up all her land, not just the two acres in dispute.

So, if I haven't made myself clear yet, get a lawyer immediately.

Mon Sep 7 2009, 07:32

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