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I have a house in california that has mold and we still owe ...

Sent to Legal Experts July 9 2008 at 2:28 PM
   

I have a house in california that has mold and we still owe 113,000.00 on it. We had it appraised for 130,000.00 but they did not see the extent of the mold problem. We can not afford to go fix the problems as we live in Idaho and are on social security. Our son-in-law has been living in the house and is now going to move out and we cannot afford to make the $800.00 payment. What should we do???

 

Optional Information:
Corcoran, California

Already Tried:
selling

Customer (name blocked for privacy)
Status:  Closed   Value: $15
Answer
July 9 2008 at 2:42 PM (13 minutes and 53 seconds later)
         
ACCEPTEDCheck Mark
You can try to sell it, but you will have to disclose the mold problem so you may only get to sell if for what you owe on it, or you can try to get your insurance to pay for the problem and then try to sell it for market value.

Please Click On ACCEPT so I may receive credit for helping you. POSITIVE FEEDBACK IS ALSO GREATLY APPRECIATED. This answer is for informational purposes only, and should not be considered legal advice.
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Shelley -- Lawyer (JD) -- 99% Positive Feedback on 2114 Legal Accepts
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Reply
July 9 2008 at 2:46 PM (3 minutes and 12 seconds later)
         
The insurance did look at it and will not help. What will happen if I just let it forclose as my husband says to do
Customer (name blocked for privacy)
Answer
July 9 2008 at 2:59 PM (13 minutes and 21 seconds later)
         
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Shelley -- Lawyer (JD) -- 99% Positive Feedback on 2114 Legal Accepts
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July 9 2008 at 3:16 PM (17 minutes and 16 seconds later)
         
I tried to accept but it is busy. Can they touch our retirment as an IRA
Customer (name blocked for privacy)
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July 9 2008 at 3:23 PM (7 minutes and 8 seconds later)
         
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