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Thread: Mortgage/Housing problems

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  1. #1
    Senior Member FrnkPwrs's Avatar
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    Default Mortgage/Housing problems

    Ok, my parents are in a crazy situation. Im going to try to explain this as easily and quickly as possible. My parents had a decent house in Lawrenceville off of Papermill. Well call it the Papermill house. They wanted to move out of it so they bought another house, which they are in right now, and used this lady named Gerri for the mortgage. Well call that house the Hosea house.

    Well, they were renting the Papermill house for a while, but kept getting bad tennants, so Gerri, the mortgage lady, said that she wants to buy it, but she'll rent it for a couple of months before she does. My parents are like cool, she did our mortgage, she is our friend. So they do it. Well, this chick Gerri buys my parents house with a fake ass post dated check. So they are carrying 2 mortgages, and trying to get this chick locked up. The courthouse is telling them they have to go through all of these loops to get the house back and lock her up. Whatever...

    Because she tied the house up, they werent able to rent or sell the house because of court order, the judge sympathized with Gerri. Anyway, my parents are WAAAYYY behind on mortgage on that house, and the chick Gerri did some crazy mortgage paperwork and now my parents mortgage has almost doubled here at the Hosea house. They dont want the other house foreclosed on. Is there any type of loophole or special loan that anyone knows about so that they can get out of this situation? I know a lot of people on here are in that field. LMK, thanks, all help is appreciated

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  2. #2
    Better than before 'chell's Avatar
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    call a lawyer...

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  3. #3
    Senior Member FrnkPwrs's Avatar
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    Lawyers cost money, which isnt really floating around because of carrying 2 mortgages. My parents tried, but the main concern is not losing both the other house. Thinking that there is a a loan to take care of both houses possibly? Or someone who can redo the loan on the current house if possible.

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    Senior Member SL65AMG's Avatar
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    Quote Originally Posted by FrnkPwrs
    Ok, my parents are in a crazy situation. Im going to try to explain this as easily and quickly as possible. My parents had a decent house in Lawrenceville off of Papermill. Well call it the Papermill house. They wanted to move out of it so they bought another house, which they are in right now, and used this lady named Gerri for the mortgage. Well call that house the Hosea house.

    Well, they were renting the Papermill house for a while, but kept getting bad tennants, so Gerri, the mortgage lady, said that she wants to buy it, but she'll rent it for a couple of months before she does. My parents are like cool, she did our mortgage, she is our friend. So they do it. Well, this chick Gerri buys my parents house with a fake ass post dated check. So they are carrying 2 mortgages, and trying to get this chick locked up. The courthouse is telling them they have to go through all of these loops to get the house back and lock her up. Whatever...

    Because she tied the house up, they werent able to rent or sell the house because of court order, the judge sympathized with Gerri. Anyway, my parents are WAAAYYY behind on mortgage on that house, and the chick Gerri did some crazy mortgage paperwork and now my parents mortgage has almost doubled here at the Hosea house. They dont want the other house foreclosed on. Is there any type of loophole or special loan that anyone knows about so that they can get out of this situation? I know a lot of people on here are in that field. LMK, thanks, all help is appreciated

    you can get a hard money loan. its a high-er interest short term loan used mainly by investors for flipping houses or whatever the case may be. sounds like they got SCAMMED the **** out of them. they will probably lose one house. lose the one with the least amt of equity.

    and they are gonna need one HELL of a lawyer
    EF SQUAD FTMFW!!!!

  5. #5
    Still Here LQQKITZME's Avatar
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    DAMN man that sucks.. But its good to see you around again..
    View the world through a dogs eyes, if you can't screw it or eat it, pi$$ on it and walk away.

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