Monday, August 13, 2007

Update

Today we met with the attorney to find out what options and rights, if any, we have. We don't have much. First of all, the contract for deed we had with Tim/Tom wasn't really a valid contract. It was missing some serious information and legalities. Who were we to know such things? TM (the attorney) held up the two pieces of paper, waved them around and said, "is this all there is? Just these two pages?" I immediately felt a bit stupid and a bit confused. At the end of our thirty minute session I started gathering up my folder of papers and said, "So basically we're S.O.L., right?" He agreed. As for suing Tim/Tom, yes we have a case because of the contract, NOT because of the foreclosure. TM also mentioned that we'd probably have a hard time proving that Tim/Tom knowingly entered into a bad contract and so our chance of getting...blah blah blah. Really, unless the guy has something of value we're out of luck. As my friend so kindly explained to me, "...it's a lesson. An expensive lesson.." What we need to do now is write a letter to the courts telling them we wish to stop the appeal process and get our thousand dollars back minus any court costs. In addition we have to contact the bank and try to work out with them a date to vacate the house. Or we can not call them and just wait for the constable to come shoo us out. We'll be calling. We found another house we liked so we will begin the process of more loan applications. The place I was working with doesn't finance manufactured homes so any progress I might have made with him is out the window. I will re-apply with the USDA rural group (different county) and with another lender and pretend they are in a race to give us a loan. Just keep swimming, swimming, swimming....

1 comment:

Rinny said...

Way to quote Nemo, my love!