Help - Forclosure Question - Posted by Bray
Posted by Bray on March 22, 1999 at 11:35:42:
My mother-in-law has carried the loan on a cabin she and her ex owned. The cabin has sold 2 additional times, and she has continued to carry the 1st, the last time it sold the owner carried a second. The cabin is worth about $60,000, $26,000 is owed to mother-in law, and we don’t know what is owed to the 2nd.
The new owners claim to have given $8,000 as down payment to the seller, made 4 payments to mother-in-law and have not made the last 6 payments, the are staying in the bay area about 3 hours from the cabin. These people do not return calls and are impossible to get ahold of. They left 5 large dogs outside and 1 cat inside the cabin and neighbors have not seen these people for over a month. Animal control did pick up the dogs, but the cat remains inside (somehow alive). The back yard is completely trashed and will take a lot of work to remove the garbage.
Here’s my question. Mother-in-law has offered these people $2,000 cash to sign the cabin over to her, the 2nd lein holder lives out of s