What are your options if a hard money lender sells your property after you've paid it off?

Asked by evesting, Ceres, CA Wed Jun 12, 2013

I purchased a rental property through a hard money lender. I was unable to refi the property out from the hard money lender so I paid the loan off in cash. Two years later while going through I refi I learn that the hard money lender has sold my rental to some one else. I paid the mortgage off in full.. How can they do this?

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Curly Sue, , Texas
Thu Jun 13, 2013
Time to call your attorney!!
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John Arendsen, Agent, Leucadia, CA
Wed Jun 12, 2013
I wouldn't even waste any time on this thread seeking answers from RE professionals unles they are attorneys as well. You definitely need to retain an expereienced RE attorney ASAP if ifs not already to late.
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