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12-12-2009, 11:02 AM #1
Renter
- Join Date
- Dec 2009
- Posts
- 2
Investment Property trouble
My mother has an investment (Lot) property 2 Acres with a business partner. As of last month he stopped making payments, and will make no contact. My mother has been making payments in full.
I have been trying to take over her partners end in this, so the property would stay in the family. Last year I offered him what it was appraised for. Now my offers are getting lower and lower due to the economy. He will not make contact.
Is there a way to force the sale?
Was wondering if she stopped paying for the property, it goes to foreclosure, I cut a check for the balance of the property? This could also damage her credit.
Any advice?
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12-12-2009, 11:51 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,282
Your mother should be able to force a partition sale. Contact a good real estate attorney and get the process started. Don't let this dead beat take your mother down with them.
Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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12-23-2009, 05:44 AM #3
Renter
- Join Date
- Dec 2009
- Posts
- 2
Just got word that this guy is now filing for Bankruptcy. I guess it will now tied up for awhile
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01-02-2010, 10:43 AM #4
Fixer Upper
- Join Date
- Jan 2010
- Location
- Nationwide www.availableloanmodifications.blogspot.com
- Posts
- 18
Stop
I would love the challenge and would welcome the opportunity to help, get a hold of me at your earliest convenience. I have an IDEA!!
Jeffrey Luther
Reach me direct at 727-533-6962 or visit:
www.availableloanmodifications.blogspot.com
"The harder the conflict,
the more glorious 
the triumph. What we attain to cheaply we esteem too lightly; It is adversity that gives everything its value."
- Thomas Payne
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