Dot Chance

Gigi,

I am so sorry for the problems you are having. You definitely have your hands full.

Most lease options are only for 12 months. Of course, all of that is negotiable. I do not work in your area so you would need to find an agent nearby.

If you are saying that you lost your home in foreclosure, right now may not be an easy time to find a seller that will feel secure with a long term lease with option. There are so many people right now in your position and that's not an easy one to be in.

Possibly there would be an organization to help with your mother's housing needs (for all of you.) I'm just not sure what that would be. Have you checked with your local housing department? They may have a list you could get on to find you an affordable home until things get better for you.

I wish you the best! - Earlier today

Hi, Christie:

I am so sorry, but I cannot find this on the MLS at all. It does say that it was a bank owned property that was listed in May. I have bought and sold homes in Valley Village personally and professionally - at this price I would think it would have been snatched up right away.

You are welcome to search for properties on my site or I would be happy to find you something similar.

Happy househunting! - Earlier today

Naoahsark888,

This is a question for a real estate attorney. Have you tried asking this on http://www.LawGuru.com? If not, you may want to start there - Earlier today

Samir,

Hang in there! There must be a solution for your problem. I know of someone that had perfect credit with Indy Mac - never late - not even one time. They received a letter from indy Mac stating that because they had been such good customers they were going to modify their loan (when they told me about this letter I had a bad feeling)

Anyway, they went through the process with IndyMac - the bank even applied their payment toward the "fees" to do this for them and told them don't worry about the payment - it is forgiven in this transaction - I really felt there was something wrong.

Yep - you guessed it! The bank issued a NOD, said they were not going to modify the loan...these people are in a mess. They hired an independent appraiser. This appraiser told me that IndyMac and one other have been the worst for things like this happening. Said the exact same thing happened to his friend!

So, all this to say that you need a professional helping you with them!

All my best,
Dot - Thu Jul 9 2009, 10:51

Alissa, you need a real estate attorney. I am not giving you legal advice, but I believe they must evict you or they can offer you cash for keys. Go to http://www.lawguru.com and post your question there.

Was it obvious that you were still living there? They could try to say that the property was abnadoned.

I'm so sorry that happened to you. With being foreclosed on, you were obviously already having problems. - Wed Jul 8 2009, 17:59