i bought a condo. Then I was hit with a charge for a loan I didn't know they had. Is this legal?
404640
Depends on what you were told and when. Was this a charge that was anticipated when you were buying the place? Do you ever go to your condo board meetings? How long was this charge discussed before you moved in? Was this charge for something that occurred before you moved in? \n\nYou bought property, which includes all the associated costs and expenses of owning property. For much of it, you'll be assumed to either know or investigate these costs, especially if they were publicly known during or after your transaction.\n\nIf this was a "secret" charge in some way, then you might have a case against the condo association. (Assuming that you're speaking of the condo association and not the loan company as creating the charge -- it's not clear from the way this is written who's responsible for the charge, but it seems maybe the condo association.)
722454
How on earth can a loan double and triple?  Have you made any payments?  Or is this what is now owed, since the lender had to take you to court?  Doesn't sound right at all...missing information, here.
962290
Call your credit card company and have the charge reversed.  right away.
136938
It is not very common for apartment complexes to report to the bureaus although not impossible. More than likely it will not come as the apartment complex itself but rather a possibility they will send it to collections (if it comes). 6 months is still pretty fresh. Keep your eye out for unknown collection activity in the future. I hope you have documentation to support your claim.
854931
Assuming you are in Singapore, did the salesman lend you the money for the downpayment as a personal loan i.e. a loan from him or was it a service offered by his company i.e. a loan from the company?\n\nThe fact you were persuaded to borrow money to make the downpayment is fishy; most financial institutions lending you the money would either accept a lower downpayment and subsequently higher instalments or would refuse to lend you in the first place.\n\nIf the loan was made by the salesman or by his company and interest is being charged, it might constitute as an illegal loan as only licensed institutions like finance companies and banks can make loans with chargeable interest. Ergo, the lender is an illegal moneylender and loans of this nature is not payable.\n\nRegarding the issues surrounding your purchase, it appears the salesman have misled you on several counts. However, if all his promises were made verbally, it would be difficult to prove that he misled you.\n\nYou should engage a legal professional to explore your options in this situation.
402229
Assuming that you used your credit card to make the purchase, just call your bank and dispute the charge. \nYou will get an instant 'temporary credit' back on your credit card.\n\nGood Luck....
4344
As usual with legal-related questions on Yahoo! Answers, far too little information exists to answer the question adequately.\n\nThe term is "lien."  It is a "legal right or interest that a creditor has in another's property, lasing usu[ally] until a debt or duty that it secures is satisfied - Typically, the creditor does not take possession of the property on which the lien has been obtained."\n\nYou're getting ahead of yourself here, though.  Depending on state law, you'll need to have a formal lender or creditor relationship before you'd be able to attach a lien.  Also, much depends on whether the loan is recourse or non-recourse - was this a debt to the person, or to the property?\n\nRegardless, your first action should be to go to small claims court and file a claim against the debtor.  Contact your local district court in whatever state you're in, and ask them about the maximum ceiling for a small claims action.  Determine from there where you'd be able to bring you case, and then whether you'd need to consult a lawyer.\n\nEDIT: For a debt of $10,000, you need to consult an attorney and explain the situation.  The attorney will advise you how to proceed and what your chances are.
297219
There are many forms of interest in a property.  Common form is Fee Simple which basically means you own all of it and its belongings.\n\nLeasehold interest means that the land that your condo sits on is on a land lease.  Land lease generally runs for 100 years.  However, the important thing to remember is that you DO NOT own the land.\n\nThe messed up part is that whoever owns the land might not renew the lease either.\n\nUsually, the lenders will not even lend on a property if there is only 14 years left.  If you think about it, the loan is generally for 30 years, but you might not have the property after 14 years.\n\nYou should try to steer clear of this especially with such a short amount of time left.
318415
What they are doing is completely legal.  Who issued you a deed in 2002?  That is the person you must go to now to get the check endorsed.  Once this is done and the house repaired, I recommend that you either ask the lender to let you assume the current mortgage (not likely to happen) or refinance the mortgage in your own name.\n\nAnother option would be to retain an attorney and let them fix this for you.  The legal fee shouldn't be too high and it would be worth it to get things cleaned up and in your name.
418462
several things could be happening here\n\nyour lender could be including private mortage insurance if you don't have 20% down and the lender requires it\n\nalso, the lender may be including fees and closing costs into the loan, which could run into thousands of dollars\n\nbe very wary of any loan where all costs are not disclosed to you in a truth-in lending statement, and if a lender or broker makes promises to you or tells you to disregard any truth-in -lending statement you do get
969974
Go to www.hud.gov and file a conplaint. HUD will investigate and will bar the lender from conducting further business.
639186
Most lenders will not lend on the property if the time remaining on the lease is less than the terms of the loan so there is that small reassurance.\n\nActually these purchases happen all the time; look at Palm Springs, CA. Much of that area is leased Indian Land and there have been no problems. I would think the new purchaser would have a real issue evicting a number of people from their homes; the banks would be all over them and by the time is finally wound it's way through the court you will most likely be dead and buried!\n\nDepending on the amount of development in the area your most likely safe however if the area is under developed or rural you may wish to speak to a good real estate attorney for their advice.\n\nKevin\nkruorock@firstratelending.com\n866-562-6838 x 106
800364
When you had the contract for sale drawn up, did it include a clause that there were no known pending assessments on the property?  Did you review the association minutes to see if anything out of the ordinary was discussed?  Sometimes a pending assessment will even show up in a title search if the attorney for the condo assoc. has filed it in an attempt to alert potential buyers to that possibility. \n\nYou can file a form with the post office that says you need their new address in order to serve them with a subpoena.  Some states even allow you to send in a request to the DMV for a current address for process of service.\n\nDidn't they put their forwarding address on their 1099 certification form at the closing?  You could also do a property tax search in their current town to see if they own any property and have them served at that address. \n\n"most lawyers will give you thirty minutes to figure out of you've got a case or not (they're looking to see if they can make money with it). "  Oh please ... time is money and no one gives money away for free.  These types of matter are NOT taken on a contingency basis.  Very few cases are taken on a contingency basis, and 95% of those are personal injury matters or workers comp.  Those are the only two matters that are virtually guaranteed to get a free consult.
931640
i was in same situation.sent the money.didn't get the loan.that's  their  fee to look for a loan.the finance  company  make the final    decision.which is a credit check.so don't send the fee.its a con
720074
well there is usually a phone number next to the charge.. call it and ask... otherwise, if no phone number is provided call your credit card company and give them the reference number for that charge and they will be able to provide you with who charged that $16 and a phone number for you to call and clarify who authorized that charge and what for
5819
Call your credit card company.  They can look up the charge, they can tell you the name of the merchant, and they should be able to provide a phone number so you can call the merchant and find out who it is.\n\nIf you determine that the charge is not legit, then tell your credit card company that you want to dispute the charge and that it might be a fraudulent charge.  (You should investigate first...make sure it isn't from a company that you or your spouse purchase from)\n\nI've had charges show up like that and the credit card company has always helped me take care of it.
810425
I would check on that Lien before I do anything else.  And, yes, I would be concerned if I were the condo association....but if you show them that you are trying to clear the lien up that would be a good faith try.\n\nGood luck.