Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

8
Posts
0
Votes
Jerrry Hopkins
  • Florence, AZ
0
Votes |
8
Posts

owner financing gone bad.

Jerrry Hopkins
  • Florence, AZ
Posted

Hi,

Four years ago I bought a house that I got thru owner financing . I thought it was a good investment , until i recently tried to sell it this month. Found out that It was a wrap and unfortunatly I was not wise to them. I filed a claim against the Title Ins policy but was denied. When the transaction took place I had signed warranty deed that had a Wrap addendum. So the issue is I owe 18,000 on the house had it sold for 110,000 however the seller still owes 70,000 on this original mortgage. I dont know if I can sue for damages?

Has anyone gone thru this?

Thank you

JR

Loading replies...