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Updated over 8 years ago,
Foreclosure on my subject to and due on sale property
Hello,
I purchased a property with a grant deed on a subject to arrangement. Paid 25K.
Current Value: 130K.
Previous seller defaulted on a 100K note that had not been collected on since 2011. Bank of America now is coming to foreclose through Clear Recon Corp in San Diego.
Do I have any hope? Any ideas will be appreciated.
I am willing to pay the due note but my credit went down because I made the mistake of using my own credit to fund it as a cash deal.