BEST ANSWER
Joe: Short answer: You got rooked*, from the sound of it. You have three choices. One: sue the b***ards, Two: Fix the problems, three: dump the house. Seems like you’re doing #1 but getting nowhere. Hard to find corporations once they are no longer active. Since they “pass the buck,” sue them all. Problem: they all could be “judgment proof.” (Have not a dime of findable assets to get the court to award you.)
Fix the problems. Problem here is that it costs $$$ and you may not have it and it may be more $$$ than the property is worth.
Three: dump the place, which is where I think you’ve gotten to. Sell it? You have to disclose the defects or you will be a target for suit yourself and will find most Realtors honest enough not to want to join in shenanigans. Unfortunately, there is no directory for those who might be more “flexible”, shall we say?
Idea: Let the mortgage people have it back. It will cost you renting for a while but there are few mortgages available now at reasonable terms. (Unless your mother’s name is Mary and you walk on… well, you get it.) You will eventually work through the credit situation, especially if you document your issues and attempts to settle them. You may have to shop for a mortgage provider, though. It’s a crap shoot, to be sure.
* “Rooked” is polite for another word.
Mon Sep 8 2008, 19:08