My question involves a foreclosure in the State of: California
Last year following the purchase of my home (a 4 plex) I discovered that the building had lost its certificate of occupancy before my purchase and that I had needed to acheive a Certificate from the city prior to occupying the building.
To complete the required rennovations it required more money than I anticipated. I complained to my escrow officer she informed that she could help me to secure the funds needed to complete the rennovations for a a fee. She and her husband offered to provided me with a interium private loan while her husband helped me and more so ensured me thathe could secure a secure an institutional loan. For this assistance they informed me that they would charge me 3500. they structured this fee in the form of an interest rate 7%a MONTH!! on 50,000 (the personal loan) which was to be paid off in through the acquisition of an institutional loan.
Needless to say the husband never obtained the institutional loan and after paying them 20,000 in the course of 10 months they maintained that I owed them a balance of 59,000.00. I They filed foreclosure and I inturn filed a prose suit requesting an injuction on the anticipated sale. following my filing They asked to meet with me, I did they instructed me that they simply wanted me to pay off the principal balance and commit to to 2,000 a month payments to payoff the balance. further in paying them I had fallen behind on my first and was facing foreclosure. The couple then instucted me to stay current on my first and that they would provide me leancy in paying them off. on January 5 I was involved in a car accident and was inconpacitated and hospitalized for 3 weeks. They couple knew this as my faily contacted them and made them aware of my circumstances. during this time period they filed for notice of sale and acquired my home. how to I challange this PLEASE SOMEONE HELP! CALIFORNIA