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My spouse, his nephew & wife and myself took out a $11400.00 loan to keep his mother/grandmother from loosing her house on the court house steps. Another grandson of hers scammed her for the money.
We also got my spouse's and nephews name on the title of the house.

We took out a Deed of Trust to cover our backs so if she passes away
we can get the mortgage paid off and all our money back.

She's let that grandson back into her life that duped her, so we're not sure what's going to happen now.

Submitted: 133 days and 9 hours ago.
Category: Legal
Value: $15
Status: AWAITING CUSTOMER ACTION
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Accepted Answer

You may want to consider contacting adult protective services and explaining the situation between grandmother and grandson. They may decide that he is a danger and put a restraining order in place against him in order to prevent further abuse.

 

Hope this helps.

 

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Expert: socrateaser
Pos. Feedback: 98.7 %
Accepts: 2162
Answered: 6/28/2009

Lawyer

Retired (mostly)

Posted by socrateaser 133 days and 8 hours ago.

Info Request

Hi,

 

Instead of posting negative feedback, you could have simply asked a followup question and I would have answered you at no charge.

 

If you contact customer service and have the negative feedback removed, and then ask your question here, I will be absolutely thrilled to continue this discussion until your question is satisfactorily answered.

133 days and 5 hours ago.

Reply

This is the first time I've done this. I figured that was the final answer. I didn't want to pay another $15!

We took her to a doctor to have tests run to make sure she was mentally compentent. The doctor said she was just fine for being 86 yrs old. She just has an obsession for her grandson, because he knows how to manipulate her and tell her what she likes to hear.
We understand that, it's been that way ever since he was born. Even though she has 18 other grandchildren he's the best in her eyes.

All we care about now is that we all get our money back when it's time.

Posted by socrateaser 133 days and 4 hours ago.

Answer

If you have a trust deed, then as long as the property isn't lost to a superior creditor (someone with a trust deed or lien filed prior to yours, or the county for property taxes, or the IRS, etc.), then you can always foreclose.

 

If you have a promissory note along with the trust deed, then you could use that to demand payment as a creditor from grandmother's estate after she passes on.

 

So, that's pretty good protection. Not perfect, but about as good as you can get.

 

Let me know if I'm still not addressing the issue for you.

133 days and 3 hours ago.

Reply

My husband and nephew/grandson have their names on the title also, that was the stipulation in order to get the loan. Does that increase the protection? No one can change the title without letting us know can they?

Posted by socrateaser 133 days and 2 hours ago.

Answer

It increases your protection a great deal, especially if you are joint tenants, rather than tenants in common. And, no one can legally change title without your knowledge, because you would have to sign the deed, unless it was a total fraud, in which case, your response would be to call the police.

 

133 days and 2 hours ago.

Reply

Thank you for your input. I feel a lot better.

Posted by socrateaser 133 days and 1 hours ago.

Answer

You're welcome I hope you will ask customer service (info@justanswer.com) to please remove the negative feedback. It would help a lot.

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