Wondering if my daughter, who sold my home and I was told by a lawyer that the way it was done is considered "FRAUD"! She had home appraised, which was $55,000 but contract with Real Estate Company states sold for $30,000 even though she did sell it for $55,000 and got the other $25,000 as cash, not reported I think. And she used the money to put me in a home, first in PA, then another in PA and now I am in one in Michigan where she lives almost an hour away so don't see her nor Grandkids much. Never saw a drop of the cash! Did she have the right to sell house that way and then use it for these homes. One person, a Judge, said yes as far as paying for homes but a Lawyer said NO! All was illegal. Was it? That was only money I had and was gonna stay in PA and she also spent two days in my home after she put me in first one and without me there, emptying it! She threw out my $800 treadmill and my $100 Recumbent bike atop other stuff. Want to hang her! Was this allowed?
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A net listing is one in which the Seller agrees to let the Agent keep any sale proceeds over a "net" price the seller wants for the property. Thus, the Agent knew the Seller wanted $30k, but she was able to sell the house for $55k.
you said: (she) 'had to get me outta town so Ex wouldn't run into me'
was she trying to protect you somehow?
I don't know if she had the 'right' but you allowed her to be POA and signed off on the POA in front of your attorney/lawyer then idk? also I wondered about how much your home sold for. since there are escrow fees and real estate fees. How did she do all this selling stuff and moving things without you raising hell? how did she move you into your new apartment w/o hearing you out??
you are going back to court? I hope you can get it straightened out.
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Apparently you saw the Sale Contract for your house. Who signed the Contract as the Seller? Did you, or did your daughter acting as your financial Power of Attorney? Look at the contract again, is it possible that the Buyer had put down $25,000 and placed the $30,000 into a mortgage? If yes, then the contract was legit.
If the Contract did state the house sold for only $30,000 then there is something amiss here since it was Appraised at $55,000. Speak with the real estate Broker who manages that office. Licensed Realtors(R) do have malpractice insurance in case there is a serious issue regarding a sell/purchase of a property.
And these places weren't that much. First one I believe was $1900 a month, second was $1200 a month so don't think all cash was used! This one I've been paying with my SSD check of $1077. They take $1000 and I get $77 a month which $35 goes to storage back home!