Credit Card Center Advertiser Disclosure†
01-30-2017 10:48 AM
Hopefully, he leaves the house. You had every right to call the cops. This guy was out of line for asking you for 5 K out the blue and then asking again as if you are old friends or family that love him. I have had family that hounded and hounded for money and it ended up bad for me(never saw it again and relations were damaged). DW has been burned by friends and family for thounsands of dollars, she woult rather call it a loss than cause bad relations. This guy could care less about your needs, wants, and furture plans, any problems(if you have any) and saw you as a mark. People like this can get vindictive and possibly damage your property or even try to hurt you. The cops have him on their radar. If you haven already, get "other protection" that have clips or cylinders to be safer.
02-13-2017 09:06 AM
It's February 13, 2017. Did the house get foreclosed on?
Can't tell yet. There's no easy way to know until the new deed is recorded. Here's what I've found out by talking to "those in the know". In order for me to see the back of this guy, the new owner, (likely Compass Bank BBVA itself, as this is common on a HELOC foreclosure. The bank has to make whole the primary lender, plus recoup all their own principal, arrears, court and attorney's fee. As Compass is the only entity that knows all the dollar figures -- theirs and the primary lender's, with whom I'll bet they've been in contact -- a third party would be taking a huge risk to buy the deed on the courthouse steps.
So if the sale went through (and so far, I don't see any new posting for its sale in future months), the new owner has to:
1) File the Deed with the county court - That takes from 1-2 weeks to be recorded. Say 2 weeks, because a bank will wait for the certified doc to be mailed to them, rather than go get it in person. (NOTE: Once/If it's recorded, I should be able to see the new deed for that address online, so far...nada, so I'll keep searching)
2) Give the neighbor a 3-day written notice to "Quit". That may/may not have happened already.
3) After 3-days, new owner can file for eviction at JP court, which will set a trial date of for between 6-10 days for request. NOTE: the new owner must show ownership. Hence, having to wait for the deed to be recorded.
4) If judge grants eviction, they get another 5 days to appeal. (This neighbor will likely take it, just to stall, but he'd likely be pro se, and Compass will bury him.)
5) After 5 days, new owner goes back to the JP court office and file for a Writ of Possession.
6) Within 24 hours, Constable serves Writ Of Possession.
7) Bank (or other new owner) now gets possession.
So you see, the neighbor COULD drag this out for apprx. 1 month or so AFTER foreclosure date. Conversely, they might offer "cash for keys".
I'll keep you posted.
P.S. There's no sign of moving vans, or any other "getting out of Dodge" activity going on there.
02-15-2017 10:34 AM
Yeah, it can be a process!
I have known people to drag out the eviction process by months.
I have known cases where the mortgage company did not record the new deed until they were prepared to resell the property, thus leaving the former owner on the county records as the owner. (If the foreclosed upon owner tried to sell the house, the title company would notify the mortgagee to get a final pay off, and presumably, that is when it would become known that the bank owned the property.)
Keep us updated!
02-24-2017 01:34 PM
Tea isn't my thing...can I bring beer?
I, too, am anxious for news on this one.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.