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angry ex - October 28th, 2004 7:32 PM

My ex 'girlfriend' from 8 years ago still lives in the house we purchased together. We've both moved on, she stayed in house and makes payments Now she says shes letting it foreclose, she refuses to sell, and she refuses to let me buy her out. she says she is prepared to let us both face consequences of foreclosure. as you can tell we don't get along. is she able to let it foreclose if i'm willing to take over house?? can't the bank do something if one party wants to try? i am not making payments though if she will be living in house. i have no cash for expensive lawyers, am i doomed? what all assets of mine will they take?


R.J.Kraske - November 16th, 2004 1:52 AM

Never,Never,Never use dual agency. It's a realtor backed piece of legislation that ONLY benefits the dual agent, never you. Spend your money wisely on an attorney who specializes in real estate. I was sued by a thief who used his good friend as the dual agent.

Fred - November 22nd, 2004 4:16 AM

Depending on what state you live in, Dual Agency is illegal. You will want an agent that is a Buyers Agent or at least a Transaction Broker. If they have an agent working for them, don't you think you should too? Let your new agent negotiate with the seller's agent keeping in mind that the MLS prices already include the commissions paid to both agents by sellers!

sp - January 4th, 2005 4:04 AM

The MLS price already includes a 3% commission to a agent representing a buyer (you). Never use Dual Agency. A real estate agents dream is to be a dual agent because they walk away with ALL the commission (between 6 and 7 percent)! The seller has an agent representing them, you should too. Call a buyers agent or any agent for that matter to represent you.

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