robinmcgregor
New Member
My daughter and son in law and me..bought a house. I did not have the good credit..recent separation...I had 100,000.00 thousand dollars. They said that since I had two boys that were going into high school and i wanted to settle we should buy a house while properties values were still really low in Cal. They wanted to use their credit and my money.
The idea was that we would buy the house I would live in it until the property values increased..we verbally estamited about 4 years..at the end of that time if I decided that i loved the home so much I could refinance and buy them out.
I gave them a check for 58, 700.00 a few months in advance because he said that the money needed to season in his account. He bought he house in his name and for the first few months I paid fair market value..The balance he paid. which was about 200 a month. My husbad left me ..so my son in law suggested that i pay the whole mortage and that way I could refinance and buy the house out right from him..I did not qualilfy..they did not count my child support and held my ex's debts against me because we were not leagallly divorced.
I paid 1850 every single month for 7 months..
My 15 year old son got sick..I had to take time off. I was not able to pay the mortage until the 18th. of the month.
He has left threatning phone calls, even though I told him the situation...which he already knew. and his wife my daughter has left messages...all day..the mortage payment was lowered from 1850 to 1650 because of recent property assessement..I never recieved any of the refund..I have not had any tax credit..or maintaince write off. Now because I am late 18 days they are asking me to move.. we had no written agreement all i have is my cancelled check and the checks I have written every month for rent. Can you tell me the best way to handle this situation??
Thank you
Robin McGregor
The idea was that we would buy the house I would live in it until the property values increased..we verbally estamited about 4 years..at the end of that time if I decided that i loved the home so much I could refinance and buy them out.
I gave them a check for 58, 700.00 a few months in advance because he said that the money needed to season in his account. He bought he house in his name and for the first few months I paid fair market value..The balance he paid. which was about 200 a month. My husbad left me ..so my son in law suggested that i pay the whole mortage and that way I could refinance and buy the house out right from him..I did not qualilfy..they did not count my child support and held my ex's debts against me because we were not leagallly divorced.
I paid 1850 every single month for 7 months..
My 15 year old son got sick..I had to take time off. I was not able to pay the mortage until the 18th. of the month.
He has left threatning phone calls, even though I told him the situation...which he already knew. and his wife my daughter has left messages...all day..the mortage payment was lowered from 1850 to 1650 because of recent property assessement..I never recieved any of the refund..I have not had any tax credit..or maintaince write off. Now because I am late 18 days they are asking me to move.. we had no written agreement all i have is my cancelled check and the checks I have written every month for rent. Can you tell me the best way to handle this situation??
Thank you
Robin McGregor
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