David Rivas

Call your police department and tell them they always do this and you want the to be sited. They wont do it again. - Sat Aug 9 2008, 19:03

Banks are not into loosing money. But they don't like to hold on to them either . You can submit the offer and it will sit on their desk for a while........and if no one else offers you may just get the home for 15k less that what they paid. But don't be in a hurry because the bank will wait for a higher offer. - Sat Aug 9 2008, 18:57

This is fraud and the 2nd lien holder did not do their due dilegence. You may offer them a small amount and say sorry. That is if there is any money left over. However the second lein holder will initially go after the property. And you may have to prove the last owner lied to them and tell them to check your documents showing you are in first position and they may just go away. But may try and say you new about this and didn't disclose it to them. There could be some issues. They need to be informed of the fraud by the last owner and they should go directly after him. I would consult a attorney to know exactly where you stand. I would like to tell you forget about it but there may be something in the law that states even if they were lied to they still had title in your property. Pay the consultation fee and relax. - Sat Aug 9 2008, 18:55

Call the police department and ask for a crime report for that area.
Good luck
David - Tue Jul 29 2008, 22:48

Hate to ruin your day but all sales at a auction are final. They tell you that. Your best bet if your not willing to move in is to do the rehab that is needed and rent it or fix it and resell it. In you paperwork it should have either a settlement option or a statement that says all sales are final. This means its yours. Hopefully you got it at a good price. If you want me to do some comps for you email me or call me and I will tell you if you under paid or over paid.
The auctions really suck. Here is why. If its from that company with 4 letters in the name like R_ _ _ or something like that, buyer be whare. They advertised that the price last sold for example; 675,000 and then say opening bid is 185,000. But you never get it for that amount. Also they stage people in the audience who bid the price up until it gets to the point of what is owed on the home which maybe 625,000. So it is very diseiving. And in the thrill of the moment people over pay at a auction. I hope you didn't do that. Can a attorney save you, I doubt it, that just cost more money. Take this as a learning leason and stay away from auctions. Go to REO's which are bank owned properties or go to the court house steps after doing your research and buy homes from the bank on the court house steps. Buying foreclosed properties from the bank. - Tue Jul 29 2008, 22:46