economy: Economy Fallout or Just Bad Choices?
- 09/14/10 03:39 AM
I just finished a conversation with a client. Heis setting an appointment with an attorney to file for bankruptcy. We've had his home on the market for a year. A few weeks ago, we negotiated a sale contract .. he was to bring a couple of thousand to closing, but at last the burden of this mortgage was off his shoulders. HOWEVER, the closing agency found a large lien against the property. Turns out that the seller had co-signed a car loan for his daughter -- and she hadn't paid the note for over a year. Apparently it was a judgment passed (2 comments)