B
BrianP
Guest
What is the name of your state? Texas
I think I may be in real trouble here. Last year my fiancee and I bought a house in what looked like a good neighborhood. Over the course of thie year, our cars were broken into/vandalized six times and we couldn't take any more. An opportunity arose for us to purchase my parents house on a land contract, so we did. Then we "sold" our house to a we buy houses place. It seemed perfect at the time, but now I am worried. They transferred the deed to a trust that they created for us via quitclaim deed. Additionally they had us give power of attorney over the house to the trustee. They say that they will make the payments and eventually sell it and get the mortgage out of our name. We were desperate at the time and weren't thinking. Now I am worried that they may re-sell the house without fulfilling the mortgage. They also show a bill of sale to another trust company. Is there anything I can do? I have thought about contacting the finance company and telling them about it, so that they can begin foreclosing proceedings. Thanks for any input.
Brian
I think I may be in real trouble here. Last year my fiancee and I bought a house in what looked like a good neighborhood. Over the course of thie year, our cars were broken into/vandalized six times and we couldn't take any more. An opportunity arose for us to purchase my parents house on a land contract, so we did. Then we "sold" our house to a we buy houses place. It seemed perfect at the time, but now I am worried. They transferred the deed to a trust that they created for us via quitclaim deed. Additionally they had us give power of attorney over the house to the trustee. They say that they will make the payments and eventually sell it and get the mortgage out of our name. We were desperate at the time and weren't thinking. Now I am worried that they may re-sell the house without fulfilling the mortgage. They also show a bill of sale to another trust company. Is there anything I can do? I have thought about contacting the finance company and telling them about it, so that they can begin foreclosing proceedings. Thanks for any input.
Brian