My father took out a quick claim deed in my name against his home back in 2001. His home is now in foreclosure. Will I be responsible for the mortgage when it defaults.

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    I have a Ballon Short Term Promissory Note valued @ 42K and a 160K Note/monthly payments of 5k plus with a person living in France that bought my business in Florida, U.S. Currently, the buyer is 30 days past due, as of June 1, 2008 and refuse to acknowledge payment(s) or pay balance owed. The buyer has appointed her brother as power of attorney who is currently running the business, is listed as corp. pres. and living in Florida. The brother, also the broker, knowingly and willfully breached the contract agreement, thereby, causing default of payment and forcing me to seek legal action. It very difficult for me to find an attorney willing to sue a person overseas (France) and; as a single mother of three children, my funds are limited and home is in foreclosure due to the loss of income provide by the buyer. I have a Security Agreement on the assets in the business, however, I released all my corp. shares to the buyer, and in good-faith I would be paid. There is no evidence, at this time, which the buyer knows what her brother is doing; however, the brother is doing everything he can to discredit me (going as far as accusing me of stealing from him (?), untrue). My Security Agreement and Default Agreement states that if the buyer goes in default all assets can be seized or sold to satisfy the loan (money owed to me). How can I sue the buyer or the brother acting as power of attorney without appearing in France? How can I sue the buyer in the U.S and demand for her to come to the Florida to settle? And, how can I file a judgment to seize the assets (the fastest way for results) if the buyer lives in France? Please keep in mind, the buyer’s cooperation (I sold her) is located in the U.S. (i.e. Florida) and all documents, closing, purchasing agreements and transfer of shares were executed in Orlando, Florida, U.S. Therefore, I don’t understand why the buyer is allowed to breach/default our agreement and disregard the U.S. laws that protect our right(s) for due process simply by geography. Is there anyone that can help me?

    Sincerely,

    Mary A.
    Marypalmcity@aol.com
    Thank you everyone for answering my question! I have made progress since my last posting and learned that the person living in France used a Florida address for contact. This means I can file against them in Florida… if they don’t create an international issue. In any event, I CAN’T AFFORD AN ATTORNEY. the debtors took my business (I sold them and three years of income valued @ nearly 200K.) I had plans to open another business, however, I’m living off my savings to support my family. This month I’m done and will lose everything. My American dream was stolen by someone aboard who used our legal system to bury me with the cost and time to take back what is mine. My next step is to file a judgment. But I need an attorney… don’t have the money, so I’m going to do this myself. Anyone with templets or example forms to file for judgment would help a great deal. I don’t need a ‘judgment lien form’… I think I need to file papers with the court to ask for a judgment. Florida Law.


    Legal Reform Blogs

      I have a Ballon Short Term Promissory Note valued @ 42K and a 160K Note/monthly payments of 5k plus with a person living in France that bought my business in Florida, U.S. Currently, the buyer is 30 days past due, as of June 1, 2008 and refuse to acknowledge payment(s) or pay balance owed. The buyer has appointed her brother as power of attorney who is currently running the business, is listed as corp. pres. and living in Florida. The brother, also the broker, knowingly and willfully breached the contract agreement, thereby, causing default of payment and forcing me to seek legal action. It very difficult for me to find an attorney willing to sue a person overseas (France) and; as a single mother of three children, my funds are limited and home is in foreclosure due to the loss of income provide by the buyer. I have a Security Agreement on the assets in the business, however, I released all my corp. shares to the buyer, and in good-faith I would be paid. There is no evidence, at this time, which the buyer knows what her brother is doing; however, the brother is doing everything he can to discredit me (going as far as accusing me of stealing from him (?), untrue). My Security Agreement and Default Agreement states that if the buyer goes in default all assets can be seized or sold to satisfy the loan (money owed to me). How can I sue the buyer or the brother acting as power of attorney without appearing in France? How can I sue the buyer in the U.S and demand for her to come to the Florida to settle? And, how can I file a judgment to seize the assets (the fastest way for results) if the buyer lives in France? Please keep in mind, the buyer’s cooperation (I sold her) is located in the U.S. (i.e. Florida) and all documents, closing, purchasing agreements and transfer of shares were executed in Orlando, Florida, U.S. Therefore, I don’t understand why the buyer is allowed to breach/default our agreement and disregard the U.S. laws that protect our right(s) for due process simply by geography. Is there anyone that can help me?

      Sincerely,

      Mary A.
      Marypalmcity@aol.com
      Thank you everyone for answering my question! I have made progress since my last posting and learned that the person living in France used a Florida address for contact. This means I can file against them in Florida… if they don’t create an international issue. In any event, I CAN’T AFFORD AN ATTORNEY. the debtors took my business (I sold them and three years of income valued @ nearly 200K.) I had plans to open another business, however, I’m living off my savings to support my family. This month I’m done and will lose everything. My American dream was stolen by someone aboard who used our legal system to bury me with the cost and time to take back what is mine. My next step is to file a judgment. But I need an attorney… don’t have the money, so I’m going to do this myself. Anyone with templets or example forms to file for judgment would help a great deal. I don’t need a ‘judgment lien form’… I think I need to file papers with the court to ask for a judgment. Florida Law.


      Legal Reform Blogs

        Deustche bank is seeking foreclosure and they were not the ones who owned the loan. It’s against Florida law to buy a loan when it is in default. Help anyone.
        many loans are not with the originator but that was not my question. I read that it is against the law to purchase a loan after it is in default. I needed to know how I can find out WHEN they bought the loan. Isn’t public record?


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          I recently pulled a credit report and discovered that I have a property tax lien against me. I lost my home due to financial hardship in early 07. The property was sold about 6 months after the bank took it back. Question is should the property tax be paid by the bank when they sold the foreclosure?


          Legal Reform Blogs

            My bank agreed to accept a short sale contingent upon a list of conditions being met. In this list they include the minimum amount they will accept my concern is that this list does not include pay off of the tax lien on my home my agent told me that it will be taken care of in escrow .Should I be concerned and is this standard procedure?
            my home is in foreclosure this short sale is in effort to avoid the foreclosure.
            it is a state tax lien for for delinquent income tax


            Legal Reform Blogs

              I purchased a Florida tax lien certificate in 2005…The redemption period ended after 2 years & it hasn’t been redeemed.I found out I have up to 7 years to foreclose but need to go to County Clerk pay 0 & file for foreclosure…and then it goes into a Tax deed sale. Before I do that… my question is, what is the chance of getting the property? Property has 2 mortgages…Do the banks come & outbid & win property at auction? Is there a secondary market whereby I can sell this tax lien certificate wihtout going to tax deed auction.If I was to foreclose & win at Tax deed auction will I be responsible for other debts from previous owner? What is best course of action? Thx


              Legal Reform Blogs

                What does it mean to take assignment of a tax lien?

                I was inquiring to a 3rd party tax lien company, about a property I was interested. The reply was "You may take an assignment of our liens on this property and bring it to foreclosure if you’d like to try to acquire this property.. The payoff for an assignment on this property through the end of July 2009 is $…….." What exactly is the process, and what do I get out of it, other than forcing foreclosure.


                Legal Reform Blogs

                  I had a personal tax lien placed on my home which I recently lost in foreclosure, the bank brought back my home for less than I owed at sheriff sale. A year later the bank sold the home for 10K more than what I owed. Do I still owe on the home as well as the personally tax lien?


                  Legal Reform Blogs

                  Where could i find a list of tax lien homes?

                  I am looking for a free list of tax foreclosures in my area. i want to get into buying tax lien homes for cheap and trying to resell them to make some money but i dont want to pay a subscription just for a list of homes i know i can get for free somewhere. if anyone knows of anything please let me know


                  Legal Reform Blogs

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