Tuesday, September 28, 2010

Still waiting

It turns out the lien was $12K for an unpaid credit card. First of all I did not know a credit card company could put a lien on your house, lesson learned. The credit card company and the second mortgage holder have agreed to negotiate and that covers 7K of the 12, over half way there. Now we are just waiting to hear from Well Fargo (the primary mortgage holder) to see if they will cover the last 5. I would expect they would because the current owners aren't paying their mortgage anyway, and it would be easier and cheaper than foreclosing on the home. Hopefully this week we will get an answer. I'm ready to start tearing that place up.

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