Fraudulent modification

[Heatherdm]

I signed for a property in NY for someone. The property is in foreclosure. I tried to evict them in order to do s short sale She filed something in the court and I am having hell moving forward. She also got s modification without my permission . I filed a police report but have not pressed chargers. I want out of this and I also want to press charges against the financial institution for giving her the modification. My credit is ruined. What can I do?

 

[Zigner]

I signed for a property in NY for someone.

What does that mean?

She filed something in the court

What did she file?

She also got s modification without my permission

A modification of what?

I filed a police report but have not pressed chargers.

A police report for what?


You really need to better explain your situation. Alternatively, you should seek the advice of a local attorney. Best of luck to you.

 

[adjusterjack]

I signed for a property in NY for someone.

I'll assume for the sake of discussion that you co-signed the loan but did not become a co-owner on the deed. Understand that a co-signer is a guarantor of the loan and has only the obligation to pay or suffer the consequences of not paying.

The property is in foreclosure. I tried to evict them in order to do s short sale She filed something in the court and I am having hell moving forward.

As a co-signer (and not an owner) you have no power to evict. What she probably filed was a motion to dismiss because of that and it was probably granted.

She also got s modification without my permission .

She didn't need your permission.

I filed a police report but have not pressed chargers.

No crime has been committed so I suggest you not follow up on that lest you get prosecuted for filing a false police report or sued for defamation.

I want out of this

Not gonna happen. Co-signing is forever.

I also want to press charges against the financial institution for giving her the modification.

Also not gonna happen.

My credit is ruined.

Common lament of co-signers when the borrower goes belly up financially.

What can I do?

Nothing.

You'll just have to ride it out and chalk it up to a life lesson from the school of hard knocks.

Co-signing is the kiss of death. Co-signers learn that every day. I expect that, somewhere, there is a support group for co-signers where they can meet once a week and tell their stories.