If you need further help, just reply to me via the “REPLY” button and I will be happy to continue.
I cannot enter into an attorney client relationship, this is a public forum, and all posts are available for public viewing. There is no duty of confidentiality that attaches to any posts. The information provided is not a substitute for a local attorney’s legal advice.
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?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).