Hi David,
First I am a certified paralegal. Second you will need an attorney. Third a contract IS a contract and will stand up in any court of law.
You will need an attorneys help. Contact your states State Bar Association. This is a referal service that will give you the name of an attorney in your area that deals with your kind of case. It may cost you $20.00 or so, but it will be well worth your time. All lawyers are required to do a certain amount of pro-bono work. Tell the SBA in your state that you need an attorney that will work on contigency basis. They may be able to help. Also after they give you your ID number, call the attorney they refer you to. Most attorneys give you a free 30 minute consultation. They will let you know if they will take you case or if they do the kind of work you need done. If the first one does’nt work out call the state bar assoc. back and let them know. They will hook you up with someone else. Good luck
Any Real Estate Lawyers out there that would be interested in taking a
case worth approximately $60,000 on a contingency basis? Here’s the
high level view of what we have. In 1984 my parents entered into a
contract to sell their home located in Glenwood, Illinois. The buyer
showed up on closing day $5,000 short. My parent and their lawyer offered to
lend them the $5,000 if they agreed to and signed a Trust Deed with a
promissory note for $5,000 plus 10% interest due the following year.
The maturity date came and went but no payment was ever received. The
Trust Deed / Promissory note states that if not paid, the $5,000 would
incur an additional 15% interest per year until paid. My parents have
made several attempts to collect to no avail and unfortunately, their
lawyer has since passed away. We’ve been told that the same people
live in this house today and that they cannot sell because there is a
lien on the property. So based on my calculations, the initial $5,000
note would be worth approximately $60,000 today based on 19 years @15%
interest. Please advise if you or anyone you know would be interested
in exploring any possible option to resolve this matter.