How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Tina Your Own Question
Tina
Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
4460311
Type Your Real Estate Law Question Here...
Tina is online now
A new question is answered every 9 seconds

A friend of mine recently hhad s house foreclosed and it was

Customer Question

A friend of mine recently hhad his house foreclosed and it was purchased by the individual who lent him $55,000 for home repairs. to make a long story shorthe is now 45 days into the writ of redemption . The note some 12 years old is now $104,000.He hasnt paid nhis mortgage and is behind in californian state taxes. He owes about $125,000 but the property has been appraised at $325,000. He believes that he was forced into signing the docs and calls it a predatory loan. Everyone involved doent seem to nhave these loans papers . He wants to know if nhe ncan nget an extension on tht 90 day wrrit of redemption so he can get some investors involved. I re where there is a one year nwrit of redemption n. Any advice you could help him with would be gretly aippreciated .Thanks
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  RealEstateAnswer replied 1 year ago.

What State the property located in? Also, why did he not address and raise the issue with the loan and the documents previously?