I have a big problem for an attorney who is knowledgeable about New Hampshire REAL ESTATE
LAW. I believe the efficient way to do this is by "bullet" points!
1) I purchased a condo in Concord, NH in 2006 for $91,000 cash - no mortgage
2) By 2009 I had massive medical bills and took a $60,000 REVERSE MORTGAGE as I was 63 years old and alone and in debt -lived on $796 mo'ly SS.
3) By 2010 I was unable to keep up with my HOA
dues of $300 per mo. My HOA took me to court and got a judgement against me for $1200 in back dues plus $5000 for their lawyer = $6,200.
4) In June 2010 I was notified that my property was being seized and sold at a SHERIFF'S AUCTION. I fought to keep my home, but was evicted in August 2010.
5) I moved in with family in Colorado in October 2010. I called the Court Clerk in NH and found out that my home (appraised at $99,000) was purchased at Auction by my HOA for $7,000. I was assured that in such a case, the buyer had to assume the debt that went with the property. Afterall, I was evicted by the Sheriff.
5) A dear friend who still lives in the condo nextdoor to my former home told me that the HOA did extensive remodeling, all new appliances, etc. and was renting it for about $1200 a month.
6) In 2011, a piece of mail from the Bank of America, who held my REVERSE MORTGAGE, found my daughter in NH and she forwarded it to me. It seemed to be still sending me statements as though I still held the mortgage. I called them right away. When I told them my story, they were horrified at what had been done to me and promised to sort it out. I got no more mail from them.
6) Fast forward to today, June 24, 2013. I open a piece of mail from CHAMPION Mortgage. It was clear they bought that old REVERSE MORTGAGE debt and were trying to collect a ridiculous amount of money from me!! I CALLED THEM!!
I was told that the sale back in 2010 was done incorrectly in many ways, as the lien/judgement AND Reverse Mortgage were not assumed by the HOA who evicted me and then bought it. To solve things (UNBEKNOWNST TO ME!) The Bank of America cut a check to the HOA for $22,000 (??!!?) to cover the lien, in December 2011.
7) Lastly, I was told today that the property has belonged to me since the lein was paid two years ago (!!), the renter is technically "trespassing"; the debt is all mine, but they are foreclosing on the property and it is almost complete; I was advised to just forget about it and let it go!!!
8) MY QUESTIONS: Who did that $22,000 check REALLY belong to? What about the $1200 a month the renter has been paying to my HOA for three years on a property that really belonged to me?? AND I'm certain there are many other legal issues to this mess that I'm not seeing! .... HELP!!!