Real Estate Law
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The company he got involved to represent him at the mediation says the bank can come after me for taxes on it, is this true?
So basically if I sign it over and he refinances, i am out the money im out now and if he cant refinance it forcloses and im in the same boat with the money situation but my credit is more screwed? He agreed to give me the money i paid for down payment, can i hold him to that? If he verbally agreed to make payments, i cant do anything about that either?
So basically if I sign it over and he refinances, i am out the money im out now
Yes, unless you have some agreement with him for him to repay you.
and if he cant refinance it forcloses and im in the same boat with the money situation but my credit is more screwed?
Yes, assuming it won't sell for what is owed on it. But if no payments have been made in 2 years, your credit is hammered about as much as it can be.
He agreed to give me the money i paid for down payment, can i hold him to that? If he verbally agreed to make payments, i cant do anything about that either?
If you get it or got it in writing, you are good. Otherwise, it is just an unenforceable gratuitous promise.
Damn, i recently deleted a text he sent saying he would give me the down payment. So I Should sign it since it could get me off the thing ether way it goes? Since its in foreclisure status now he cannot sell it correct? but even if he did, no money would be made on it since its so far behind?
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