Q: My sister signed up with a company to help her out of foreclosure
My sister is facing foreclosure and signed up with a company to help her out of foreclosure by first saying they would fix her house and then they would split the profit. After they received all the bank information they said their wasn't enough equity to do the split arrangement so they would buy her out for $6500. 6 days before her auction date they said they could only now give her $2000. She didn't accept that and they stopped responding to her calls. She got her auction date extended and realized the $6500 buyout has no close date. Does the contract expire at her initial auction date of Feb 9th as she thought or is she bound by it indefinitely? Can she get out of it? Is it valid?
To advise about a written agreement, the document must first be reviewed.
Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is only general information. It is NOT legal advice, and it may not work for your specific situation. It is impossible to evaluate a legal problem without a comprehensive consultation and review of all the relevant facts and documents. I strongly encourage you to consult with a local lawyer to get legal advice and help with your specific situation at your earliest convenience. I am licensed to practice law in Arizona.
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