Posted on: 22nd Apr, 2010 01:54 pm
We helped somebody by getting them current on their mortgage over a year ago. The property was quitclaimed to us. Now, that individual is behind again and wants to place the house on the market for a short sale. Can he legally place the house on the market?
Hi Guest!
Welcome to forums!
As you're the owner of the property, the previous owner will not be able to sell off the property without your consent. The person does not have the rights to sell off the property. If he is doing any such thing, then you can contact an attorney and take legal actions against him.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As you're the owner of the property, the previous owner will not be able to sell off the property without your consent. The person does not have the rights to sell off the property. If he is doing any such thing, then you can contact an attorney and take legal actions against him.
Feel free to ask if you've further queries.
Sussane
Guest, what is your stance in this situation? Do you wish to see the home sold, or not? Do you plan on keeping it as an investment property? Did you ever plan to re-sell the home to "somebody"?
Truly, if it's your home now, and you want to retain it, you'd better pony up the money to get that loan up-to-date. And, frankly, you'd be far better off by refinancing the existing loan so that it appears as your own, rather than counting on "somebody" to make the payments.
Truly, if it's your home now, and you want to retain it, you'd better pony up the money to get that loan up-to-date. And, frankly, you'd be far better off by refinancing the existing loan so that it appears as your own, rather than counting on "somebody" to make the payments.
