Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
owner financing gone bad.
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