Asked by Anastasia Karmiloff, San Diego, CA • Fri Sep 26, 2008
I transferred the deed to my house to a "friend" through escrow, and was going to carry the loan for her. I didn't know I was supposed to have a separate contract to make sure she made payments. She stopped making payments in February, stating that I was facing foreclosure anyway (before this my FICO was 780). Now my credit is ruined, my only option is to wait for foreclosure proceedings, which is probably months from now, while she collects free money from a tenant she has living in there. I can't even do a short sale, the house is so far upside down. I'm so depressed and hurt, not to mention broke, she ruined my life. What can I do? How do I get Countrywde to speed up the foreclosure process?
Real Estate in San Diego
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