That was the first words from the caller.
Bill, please, we need your help.
I had done a market for these homeowners.
They are allowing me to share this story without using their names.
The sellers sold their home, FSBO style and let the buyer write up the contract for deed.
A year passed with not issues and not even a late payment.
The interest rate was above market.
Well, the sellers did not read the contract word for word.
Buried in the middle was a clause..."AFTER 12 MONTHS OF NO LATE PAYMENTS THE CONTRACT WILL BE PAID IN FULL!"
Yes, one of the oldest scams around. Very prevalent in the 60'as and 70's.
Well there is nothing I could do for them.
I gave them the phone number of 2 REAL ESTATE atty's.
They most likely will be going to court, but they did sign a legal document.
Chances of them winning are slim. It is a blatant case of fraud, but still a legal document that they signed.
I wish them luck.
They didn't save anything by not using my services.