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    Post: 15 year old judgement

    Posted by Donna on 1/31/07

    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

    Posts on this thread, including this one
  • 15 year old judgement, 1/31/07, by Donna.
  • Re: 15 year old judgement, 3/06/07, by David.

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