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06-23-2010, 03:24 PM #1
Renter
- Join Date
- Jun 2010
- Posts
- 2
I need some advice, please...
Ok this is going to be somewhat of a long story. I started a job back in 2007, around that time my father had passed away and I had received life insurance money for a total of $50,000. My boss who I trusted from the get go mostly due to the fact we did business together came up with an agreement that if I established a CD with him that I could gain higher percentage, of course I agreed too it. After about a month the house my father owned was going into foreclosure and I was coming close to being homeless, at that time my boss offered me an opportunity at real estate. He wrote up a contract for me with the agreement I would have to put down $35,000 and would have only a year too establish credit. The funny part is, stupidity or desperation must have striked as I was 19 and didn't know anything about real estate or credit requirement. Three year have passed and the house that I had put money down went into foreclosure. Everyone is wondering, why the heck would you wait so long too take action now? I was working there for the three years and as of a month ago I was fired. I also stayed there and paid rent and of course I have thought about taking action before, but my boss said I wouldn't stand a chance in court. I really could use the money back even if it were just $3000 as I want to pursue college yet have not the finance too do so. Back too another problem... I have no finance to cover even a lawyer for this kind of case even if I were encouraged too pursue it.... What do I do??
I'm really confused on what steps I should be taking... someone please help..
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07-21-2010, 01:47 AM #2
Fixer Upper
- Join Date
- Jul 2010
- Location
- Australia
- Posts
- 26
A Real Estate Attorney
You can ask some assistance to someone who is capable it's an Attorney. Legal advice is all you need. In order to know what you will going to do.
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08-06-2010, 07:49 AM #3
Renter
- Join Date
- Jun 2010
- Posts
- 2
What type of Attorney is recommended with for this type of matter?
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09-15-2010, 10:49 PM #4
Condominium
- Join Date
- Nov 2008
- Posts
- 190
You really are in a big problem. You should consult a legal adviser first of all. And do what he says. You might be getting some solution from it.
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You should not agreed on the first place since you dont have any notion when it comes to real estate credits.You must seek legal advice as soon as possible.



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