Re: I Swear …I’m not making this up!! - Posted by Jim IL
Posted by Jim IL on February 15, 2001 at 03:35:59:
You said that you “got ahold of a good deal today”.
Frankly, if there are problems like this, then in my opinion this is not a “Good deal”.
I know that many people think we as investors are simply out to steal homes from people in bad situations.
And for most of us, this is simply not true.
I have to be hinest with you.
I would not buy this house with your money or anyone elses for that matter.
Rather, I’d take time out of my day to see what I could do to help this woman.
First, how did you find out about this womans situation?
If this is someone “in the know”, then perhaps they have more info that you do not have yet?
If this were me, I’d first call the hospital and see if anyone there knows whether or not this woman has anyone appointed as her guardian or POA.
If they do, ask for that persons contact info and let them in on the fact that her home is about to be auctioned off.
If there is someone and the hospital will not give you there contact info, at least try to leave a message for this person to contact you.
if nothing comes of that, I’d call the lender and tell them what you know.
Your local government may have a department that handles “Human affairs” and they may be able to help as well.
I do not mind a good deal, but as I tell all my sellers, friends, and anyone else I talk to, I will NOT do a deal at the expense of anyone.
Think about it.
What if you find out from an attorney or someone that this woman could have recourse against the lender when she comes to?
IF you buy the home, knowing what you know, would she not have the same recourse against you?
Either way, I know that I could not sleep at night knowing that I had taken advantage of this woman just to get a deal.
So, if this were me, I’d leave this home alone, or do what I could to help this poor soul.
Good luck with your dilema,