I need help. An investor in Florida stole my identity and purchase two condo that is pending foreclosure?
IndyMac and Citifinancial did their investigation and found out that this was fraud and they stop the foreclosure proceeding and stop reporting negative notes on my credit report. The problem is I just received a letter from IndyMac’s lawyers asking me to sign a DEED in lieu of foreclosure. I do not know what this means I can not afford a lawyer because I have a minimum wage job and I am only 19. I think that I should not sign this because I did not sign to get the place in the first place so these place do not belong to me. I am scared what should I do the legal words are like spanish to me I try to google it, but if I sign this, this is saying that I acknowledge owning these condos. HELP PLEASE. Should I sue INDY MAC i can not even get a car loan for 00.00. My credit score was 735 now I do not know what it is. I have to go to FL next week to sign a statement in the criminal case pending against this man.
You need to talk to a lawyer. Don’t assume you can’t afford one until you talk to one.
First of all, DO NOT SIGN ANYTHING UNTIL YOU TALK TO A LAWYER.
Here’s what I see. The property was purchased in your name, and the deed was to you. It’s yours. You DO own them.
The mortgage on it, however, was never signed by you. It isn’t valid at all, they can’t actually foreclose in the normal way. They have to first establish that as a "purchase money mortgage" that it is valid and enforceable despite never being signed by the Owner of the property.
The Fault for this situation is not yours. It’s all on the Lender side of the transaction, and probably with some middlemen who didn’t do their jobs. While you are not entitled to a windfall of the property from this, you shouldn’t be out anything, either, since you never participated.
I’d suggest you see a lawyer and see if they’ll agree to represent you to get this cleared up, and have them require the banks to pay their fees. They can do that in your Answer to the Complaint. I think there’s a very good chance that would be in the final Order.