Legal Question in Real Estate Law in California

My husband and I purchased our home 10 years ago with my mother. Out of the 3 of us, she earned more income than my husband and me combined. At the end of the escrow process, we were told that my mother was not allowed to purchase the home with us and her name was removed from all the documents despite paying her portion of the down payment. We foreclosed on the home 5 years later. In a recent conversation, she stated that my husband and I would never have qualified for the loan to begin with if her income was not used in the qualification process. I think she's right. Do we have grounds to claim damages against the original lenders?


Asked on 8/25/15, 6:27 pm

1 Answer from Attorneys
Nicholas Spirtos Law Offices of Nicholas B. Spirtos

Damages for what - I am not clear what your issue is. If the bank foreclosed on your house 5 years ago, if time has not already run out, it certainly will soon. Go see a real estate attorney asap.

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Answered on 8/26/15, 8:43 am


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