Snails - Response on Threads Part 4

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FranC

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  • Oct 1, 2010
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    I signed the deed giving my nephew land/house. He turned around and mortgaged the property for 147,200.This was not my house at this point so I received no money. The mortgage is solely in my newhew's and wifes name. Of course they neglected to pay said mortgage and when the bank went after them they filed bankruptcy. Now that the bankruptcy has expired the bank is after them again. Problem being the bank made a big boo-boo in giving him the mortgage. He didn't have my 4 kids sign off on the property and the land description is in error.
     

    tiburonfirst

    They call me 'Tibs"
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    Feb 23, 2010
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    I signed the deed giving my nephew land/house. He turned around and mortgaged the property for 147,200.This was not my house at this point so I received no money. The mortgage is solely in my newhew's and wifes name. Of course they neglected to pay said mortgage and when the bank went after them they filed bankruptcy. Now that the bankruptcy has expired the bank is after them again. Problem being the bank made a big boo-boo in giving him the mortgage. He didn't have my 4 kids sign off on the property and the land description is in error.

    a hornets' nest which will need an experienced re lawyer - jp morgan is not gonna give up without a fight ...................


    and why would you give your nephew a house and land - you have children and grands :?:
     

    FranC

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  • Oct 1, 2010
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    It was 15 years ago. After 1st husbands death in 1990 I moved and left the house/land behind. My kids seemed to have no interest. Son lived there for awhile then built his own place. Same with my daughter. It would have cost a small fortune to put in central heat. Long boring story. The deed itself is not legal. It was not witnessed and notarized in my presence.
     
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