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Updated over 8 years ago,

User Stats

3
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0
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Luis Garcia
  • Patterson, CA
0
Votes |
3
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Foreclosure on my subject to and due on sale property

Luis Garcia
  • Patterson, CA
Posted

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.

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