Question?

Question?

So. Cal and Las Vegas, CA · Member since 2008 · 13 posts · 0 votes

hello,
so i went to a new yrs eve party and someone there was talking about an incident that happened to their family member. basically the situation went down like this:
he said his relative was facing foreclosure, nothing new these days, and that he was approached by this company (unfortunately i can't remember the name of the company as i type) but i guess what ended up happening is that they had him quit claim the deed over to the company and in turn they said they were going to help him from going into foreclosure, that they've helped countless numbers of people, yada yada. well apparently the guy got a notice in the mail stating that the house was going up for auction, etc...and now he can't get a hold of anyone and they aren't returning his calls. is this legal??? can they actually get away with this kind of madness? i told the guy to have his relative talk to an attorney, i mean what else could the guy do? it's a shame that people prey on those unfortunate souls that fall on hard times. anyway...has anyone heard of things like this happening?

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  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    17y

    So he deeded the property over to this company, no questions asked, and without some sort of contract or agreement in writing?

  • So. Cal and Las Vegas, CA · Member since 2008 · 13 posts · 0 votes
    17y

    you know, the guy really didn't say.

  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    17y

    The crooks really come out of the woodworks in times like these to prey on the uneducated and desperate. Keep your guard up at all times.

  • So. Cal and Las Vegas, CA · Member since 2008 · 13 posts · 0 votes
    17y

    so i guess this guy is going through a divorce and he thinks the contract he signed with these people was thrown out by his ex-wife on accident whilst she was packing and "cleaning?"

    well definitely feel sorry for the old guy, but you're right. gotta keep your guard up at all times!

  • So. Cal and Las Vegas, CA · Member since 2008 · 13 posts · 0 votes
    17y

    K,

    Thanks for the information. It sounds like it could work out. I'll be sure to pass it along and hopefully it's not too late.

    Thanks again!

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