Posted by Donna on 1/31/07

More | Report Post

This is my story! I lost my house in 1991 under power of
sale to Central guaranty trust in which 36,000 was still
oweing. I sighned a promissary note agreeing to pay 10,000
in which I stopped paying due to lack of employment. The
trust company went bankrupt and I thought I was in the
clear considering I lost 50,000 in the house anyways after
they undersold it. I had heard nothing over the years even
when I had bought and sold my second house. I was sitting
at my lawyers office ready to close the deal on yet
another buy and resale of my third house, when all of a
sudden a writ of execution came up on my name for the
original judgement in 1991. The person had purchased it
for 2.00 and is wanting to collect with interest over the
years for the sum of 77,000. Because I am in the posistion
of trying to close the real estate deals I am forced to
settle to pay her 5,000 cash and pay her 40'000 in a
second mortgage. How in the hell can this be legal? If I
had of known this prior I would have went bankrupt along
time ago when I had nothing! Anyone out there with any
help or information to get me out of this would be greatly
appreciated!!!

Re: 15 year old judgement, 3/06/07, by David.

Criminal Defense Chatboard

LATEST POSTS | BY TOPICS | SUBMIT A POST