Granny needs help
Posted Nov 20, 2007 @ 8:05 pm, Viewed by 229 Visitors, Read 230 Times.My husband and I are at our wits end. We have made some foolish mistakes and need help. We owned our home of 28 years free and clear. Our daughter who is a real estate agent suggested that we sell it and go together with her and her husband to buy a larger property. We agreed because we believed it would be of mutual benefit. My husband was in poor health and my daughter had two full time jobs and a 9 year old daughter to raise. I could help with childcare, laundry, and errands. She would help us with any health issues that arose.
To make a very long story shorter I will simply say we were robbed by our daughter. We made her a $7000 loan, paid the full $180.000 agreed upon sale price, serious problems arose with the property forcing us to mediate with the sellers. We received a $290,000 settlement, $75,000 was to be our share. She kept it. Then she kept an additional $27,000 of our .money that she was keeping in a CD pending outcome of the mediation. When we protested she served us with an eviction notice. We got a lawyer but we are running out of money and he's about to cut us loose. It's a long story I will write it in chapters. If you have any ideas or advice it would be really appreciated.
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I'm an older lady, retired. I need advice and help with a real estate problem Read More
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