All Forum Posts by: Jeffrey Lacombe

I sold my home with owner Financing and the buyers have let their policy lapse. I cannot find a company to write a lenders policy. The buyers were deeded the property and I have a security deed. Does this allow me to take out a homeowners policy even though they have the warranty deed and I have a security deed? I really want to get my interest protected ASAP!

1 Vote

Augusta, Georgia

The program states you must live in it one year prior to selling. If everything is turned on in my name, mail received at the house, what would happen if I sold the house if 6 months? No loan to purchase, cash sale only on my purchase but it will require financing when I resell it?

0 Votes

The previous owner knows what was buried because he was on the neighboring property, just a few feet away while this all went on. I will watch the video prior to going any further. My questions was not so much "is this real" more like, assuming all facts are accurate, what is the process. First I will contact a local attorney and follow his guidance. If he says to dig it up, get a soil test, etc., I will do it. Since it was just buried a month ago, I don't expect there to be much leakage, unless they damaged the 55 gallon drum.

Originally posted by @Randy E.:

You purchased from the bank which means the previous owner had his property repossessed by the bank. It is possible he is not an impartial witness. He might be angry at the bank for repossessing his home, and angry at the new owner for enjoying his old home.

If you haven't seen the video, ask to view it. Take a good long look at it and make certain that the burial is taking place at the property you own. It's possible the previous owner is getting his "revenge" by getting you excited and filing suit against the bank -- just causing unnecessary grief for both you and the bank. Check the time stamp on the video to make sure it was created between the time the property was repossessed and when you purchased it.

Even if it is, there is no way the previous owner could know what was buried, unless he was part of the crew doing the work. Or unless he had those items stored at the site and he has personal knowledge of the contents. In which case, he might be liable for not properly handling hazardous waste before the bank repossessed the property.

Whatever the case, the first thing to do after viewing the video, is to determine if anything is actually buried on the property. Hiring a lawyer seems a couple of steps away at this point.

0 Votes

The previous owner of the home was there recording all of this. He told me they buried 55 gallon drums of car oil, transmissions with fluid still in them and car engines with oil and anti-freeze. I am no expert, but that sounds like hazardous waste to me, if nothing else, a very bad environmental issue as people in the area use shallow wells

0 Votes

I have purchased a property from US Bank that while they owned it, they hired crews to remove of trash and debris. One thing this crew did was bring in a backhoe, dig a large hole and put 55 gallon drums of car oil, transmissions and engines into the hole and covered. There is a video of them doing this and eye witness.

What is my action of recourse? I assume sue them for cost of clean up but could I also get additional funds from them? Do you think it would go to court or would they try to settle out of court?

Concerned about fighting a large bank, but, I think I have a very good case!

0 Votes

All Forum Posts by: Jeffrey Lacombe

Jeffrey Lacombe has started 3 posts and replied 6 times.

Post: Need a "Lender Policy" to protect my interest in a house I sold with owner Financing.

Post: Need a "Lender Policy" to protect my interest in a house I sold with owner Financing.

Post: Repercussions of selling in first year, HUD Firstlook purchase

Post: Hazardous waste buried on property under bank ownership

Post: Hazardous waste buried on property under bank ownership

Post: Hazardous waste buried on property under bank ownership