I think I sold my house but now I'm having foreclosure trouble and I'm not too sure. The situation is this;
I sold a 300K house in Michigan in 2005. The realtor wrote up a standard buy sell agreement with terms stating that the buyer agreed to pay my mortgage payments in exchange for living there while they obtained financing. We gave them a "warranty deed" and signed on the dotted line thinking this was a done deal. Now, 2 years later, the mortage company is contacting me saying they have not been paid for 2 months and they will foreclose if I dont pony up the missed payments!
I thought this was a finished deal? I dont want the house back and I can pay for it either. The buyers are still living there appearantly for free!! Now I'm not sure what to do.
I sold a 300K house in Michigan in 2005. The realtor wrote up a standard buy sell agreement with terms stating that the buyer agreed to pay my mortgage payments in exchange for living there while they obtained financing. We gave them a "warranty deed" and signed on the dotted line thinking this was a done deal. Now, 2 years later, the mortage company is contacting me saying they have not been paid for 2 months and they will foreclose if I dont pony up the missed payments!
I thought this was a finished deal? I dont want the house back and I can pay for it either. The buyers are still living there appearantly for free!! Now I'm not sure what to do.