Sunday, September 19, 2010

Couple Dodges The Boot After Buying Home On A Land Contract, Then Discovering Undisclosed Title Flaw After Making Significant Property Improvements

In Racine, Wisconsin, The Journal Times reports:

  • A family that was threatened with eviction after investing thousands to improve a home will apparently be allowed to stay. Racine County Sheriff Robert Carlson said there are no plans to evict Noelia and Joaquin Raygoza from the home at 1404 Buchanan St. The eviction had been scheduled for Thursday.

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  • As reported in The Journal Times, the Raygozas signed papers in January to buy the house on a land contract and spent thousands to renovate a building that neighbors had watched deteriorate over the years. Although everyone agreed the family had fulfilled all of its obligations, a mix-up in a previous foreclosure threatened to void their ownership and force the Sheriff's Department to evict them.

  • Last month Carlson postponed the eviction proceedings to allow the Raygozas, the various financial institutions and the sellers to work out another solution.

Source: Threat of eviction lifted after mix-up.

For earlier post on this story, see Another Novice Homebuyer Gets Screwed Over In Land Contract Deal; Sinks $15K Into Property Rehab, Now Faces The Boot Over Undisclosed Title Claim.

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