- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Real Estate Law advice.
Posted on 2/12/13 at 8:49 pm
Posted on 2/12/13 at 8:49 pm
My wife and I purchased our first home 2 years ago and we were just excited to be getting something to call our own that we didn't really research it and we wound up getting into a bad deal. We qualified and purchased a brand new mobile home and land package from a well know company but the monthly notes were too much for us to handle. They said I qualifed for it based off of just my income but i found that to be BS because my monthly income was just a tad bit more than the notes for the home and land.
Anyway early last year, my wife became ill and had to have surgery so we didn't have her income at the time and I had to have emergency surgery a few months later so we wound up falling behind on our payments. We called the finance company many times and tried to explain to them the hard times we were having and to see if they could work with us to get passed this situation but this was the rudest, most cocky company i've ever had to deal with. They said we should have paid them before the doctors and they called relative to tell them they had to pay the money.
We defaulted on the loan because they wouldn't work anything out with us and then evenually foreclosed on us. We made many attempts to contact them to let them know we had people that wanted to buy the home and land from us and they would say we couldn't sell. We had others call to them to ask about buying it and they would tell them they wouldn't sell it or try to sell them another brand new home.
Wifes realative went to the dealer and asked about buying it which, the sales person then proceed to tell her about our business about being behind on the notes and then tried to sell them a new home.
After home foreclosed they then turned around and sold it one of the guys that request us to sell it to him.
To me it seems that this finance company preyed on me and my wife and set us (a young naive upstart couple) to fail on purpose that way they could turn around and make even more money off of our misfortune.
I know this is long but what do you guys think about this and is there something that maybe can be done on our behalf?
Anyway early last year, my wife became ill and had to have surgery so we didn't have her income at the time and I had to have emergency surgery a few months later so we wound up falling behind on our payments. We called the finance company many times and tried to explain to them the hard times we were having and to see if they could work with us to get passed this situation but this was the rudest, most cocky company i've ever had to deal with. They said we should have paid them before the doctors and they called relative to tell them they had to pay the money.
We defaulted on the loan because they wouldn't work anything out with us and then evenually foreclosed on us. We made many attempts to contact them to let them know we had people that wanted to buy the home and land from us and they would say we couldn't sell. We had others call to them to ask about buying it and they would tell them they wouldn't sell it or try to sell them another brand new home.
Wifes realative went to the dealer and asked about buying it which, the sales person then proceed to tell her about our business about being behind on the notes and then tried to sell them a new home.
After home foreclosed they then turned around and sold it one of the guys that request us to sell it to him.
To me it seems that this finance company preyed on me and my wife and set us (a young naive upstart couple) to fail on purpose that way they could turn around and make even more money off of our misfortune.
I know this is long but what do you guys think about this and is there something that maybe can be done on our behalf?
Posted on 2/12/13 at 8:52 pm to Relham10
quote:
I know this is long but what do you guys think about this and is there something that maybe can be done on our behalf?
Unless they violated some consumer law I don't think so. It sounds like you simply got in over your head and they foreclosed, which was there right.
But you might want to call a consumer law attorney just in case. They have a really good one in Baton Rouge and his name is Garth Ridge. He will tell you quickly whether you have any type of claim.
Posted on 2/12/13 at 9:19 pm to rmc
quote:
rmc
Thanks for the good advice, I might try to give that guy a call. I was just trying to findout if maybe they did something wrong.
Thanks again
Posted on 2/12/13 at 10:47 pm to Relham10
quote:
I know this is long but what do you guys think about this and is there something that maybe can be done on our behalf?
learn your lesson and dont bite off more than you can chew next time.... sucky situation man but you can't expect others to get you out of it...
eta: best of luck you'll bounce back!
This post was edited on 2/12/13 at 10:48 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News