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Old 03-19-2009, 04:48 PM
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Default Property On the Brink of Foreclosure?

In spring 2004, a person a know bought a house by signing a contract to that person who sold the place. Well, most recently, that person had a notice that some law firm threatened to foreclose the property as a result of the person who sold it to them was in default of the payments (nearly $11,000) and had owed a substantial amount of property taxes to the county in which it was not paid in more than 17 years (that's a long time). The person who bought the property from the person who sold it wants to work out with the law firm to buy the property before it auctions in a month to buy the place but needs a loan but her credit rating is terrible and had been paying the house payments for it every month since buying it and had worked so hard to keep this place from foreclosing. Had some trees planted as well. She also wanted to find out the bank/lending company which had been financed by so maybe that person who bought the property can take over the payments from the person who sold it after like I said had worked hard to prevent foreclosure. That person had nearly a month to work out a plan to save the property or it is auctioned. What can be done to save it? Neither the law firm or the person who sold the place to the person I know has not returned calls.
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