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Old 10-14-2007, 12:54 PM
 
Location: Denver Colorado
385 posts, read 1,425,172 times
Reputation: 127

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<<<Erin writes:
I will post any recommendations that I hear from the lawyer about not getting into this situation. >>>

Thank you Erin.
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Old 10-15-2007, 09:46 AM
 
Location: Downtown Austin
5,988 posts, read 14,933,472 times
Reputation: 4870
Quote:
Originally Posted by evicted Erin View Post
My husband and I recently moved into a house. Now... two weeks later we received a letter in the mail telling us that our house was foreclosed (Sold Oct 2--less than 1 week after moving in). We did our homework. We hired a realtor to help us. The "owner" also had a realtor. The house was being managed by a "reputable" property manager. Oh yeah, we even met the guy and his 4 year old kid.

But now we have to hire a lawyer to get out of this mess. But we are also going to make sure that we have something in our contract next time to try to avoid this. --Not sure exactly what that entails but this is a nightmare!

Good luck!
If your Realtor knowingly put you into a home that he knew was heading into foreclosure, that will be a violation of the Realtor Code of Ethics and you should file a complaint.

Additionally, most states have a "real estate recovery fund" (or similar name) that provides payment of court judgments to consumers who were wronged by the actions of a licensed agent.

I don't know your state or your laws, so you'd better just look into it to make sure you're aware of all recourse available to you.

Bottom line, start documenting every conversation, saving ever email, etc. as you'll need it all if you eventually end up in court trying to get reimbursed for your time and expenses.

Steve
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Old 10-15-2007, 10:27 AM
 
74 posts, read 178,462 times
Reputation: 47
Default A blog that covers real estate bubble chatter

Here you go:

The Housing Bubble Blog
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Old 10-15-2007, 01:48 PM
 
106 posts, read 391,652 times
Reputation: 38
OUCH! That is horrible! My family and I moved to Colorado and rented a house when we first got here, we ended up buying the house a year later so it worked out well for us.

I can recommend Housing Helpers, as they did well by us. We actually had a landlord back out of renting us a house after we had already decided on one and returned to our home state to start the move out here. Housing Helpers quickly got back on the ball and found us a new place, like I said that we ended up buying a year latter, in more than enough time to move out here.

I wish you the best luck! Ouch....
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