Real Estate Law
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Hello and thank you for the opportunity to assist you. My name is ***** ***** I'll be glad to help if I can. I'm sorry to hear about this distressing situation. To clarify your question, are you asking why the property would have been sold for $265k when another party offered $305k? If so, Please provide me with more details, such as when/where the $305k offer was made (i.e., at the auction?). Also, did the proposed buy have the requisite deposit to purchase the property?
I'm a little confused. You didn't sign the note? But they are asking you for money? Do you know why? Have you to pointed out that you didn't sign the note? If so, what did they say?
Unfortunately, the law is rarely black and white. It is very fact driven, and you haven't given me enough information to answer your question. Accordingly, I will politely opt out, and open the question to other attorneys to review.
I wish you the best.
If you are still looking for help, possibly I can help you. Let me know if so.
I understand your question regards ***** ***** of limitation that a mortgagor can attempt to obtain a deficiency judgment. Is that correct?