Buying Foreclosure Property
i am currently in a position to buy a 1300 square foot house for 28k. the owner is in foreclosure and has signed a quit claim deed over to me. Now i am dealing with the buy owner lein holder of the property . My question is he has inflated the amount to bring the loan current by over three thousand dollars. he stated that he has a right to charge the a premium rate of $14.19 dollars a day in interest Since the original time of forclosure procedings. i have check over and over and this is not stipulated in the original assumable contract signed by the original owner. is he telling the truth or what. please give advise. thanks >
[ Edited by omegathor on Date 03/01/2004 ]
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