This judge always runs a tight court. She zeros in on the pertinent issues and does not allow others to deflect from those. It is both entertaining and educational to watch her court sessions.
And when on zoom, you are in court. Haven't seen her do a zoom session. But I bet she would rightfully tell people to take off their headgear, sit still, no eating, be quiet, and no histrionics. Wish more judges were so inclined.
@momsterzz Judy doesn't have a courtroom. Her show is about arbitration...and entertainment...employing plenty of "good for television" gimmicks. But Judy did used to be judge. I suspect Her Honor was very much no nonsense. I wonder if any recordings of her in court exist?
@@jaybingham3711 There's a video here on TH-cam called 'Judge Judy Before TV: A profile of Judith at work (1993). She was no nonsense back then too and took no crap lol
Judge Judy's show also paid for a good portion of the settlement cost. seriously! Why would anyone choose to have their case publicly aired it there wasn't a monetary advantage. The litigants on her show are literally low paid reality actors.
This kinda reminds me of what my dad went through after my grandma passed away because of my aunt. I swear some family members are more like enemies than family. I hope they can get this all figured out & I really hope he wasn't defrauding his mom.
He only said that because the judge was making a big deal out of her paying the mortgage, instead of paying him. Hes the owner of the property. Rather than have a lease he just let her make the mortgage payments. The end result is the same. I don't know why this is such an issue for the judge.
@Anthony-qf6cc the house was purchased in 1993. Her payments were probably $300 a month. He wasn't trying to make money off of his mother, he borrowed it when she didn't have it and the house is his.
Every time I hear "I lived with her for 10 years taking care of her!" I just assume its because they're bums that had no where else to go and think caring for their mother entitles them to the house they've been living in.
I uplifted my life of 35 years and moved back to my home state to take care of my father who was very ill. I had siblings living right next door to him. Apparently they didn't want to care for him. I never in a million years wanted his home. The thought never even crossed my mind. It's a tiny home in a very backwards location. Dad passed away and I moved on. My only thought was to be there for him in his final days.
It's 1994 and sister isn't able to keep up with her monthly mortgage payments. So HUD starts the process to foreclose. That means it was bought by sister with no more than a 3% down payment in whatever year prior to 1994 that she used HUD to purchase it. I'll bet the home never appreciated during her ownership. Anyway, she probably had fallen many months behind in payments. As such, the amount she owed to HUD left the home upsidedown relative to what it could be sold for on the open market. So Bobby steps in to try and help mom stay in the same place rather than see her (and sister) be forced to leave upon completion of the foreclosure. We can deduce he did that because he had sufficient good credit that could contribute to a good outcome. Bobby mentions they first tried one approach that didn't pan out. That was probably them structuring the sale of the property to him (and mom) for $1 PLUS fully assuming the underlying debt. So he takes half ownership to a property that he OVERPAYS for relative to market. I'm sure he first tried just approaching HUD to see if they might allow him to officially takeover the debt. HUD said no. Bobby now goes and finds a private mortgage company (Midland) who agrees to give him/mom a purchase money loan. And that loan ended up closing prior to the foreclosure completing. Well done Bobby!! We don't know the actual terms of that loan... particularly how much was put down and where the funds for that came. But if it was Bobby, then he's done more than comport himself appropriately. Sadly, 30 years later, Bobby seems to have forgot he only bought a 50 percent interest in the property. Or maybe he was just putting on an act...letting his family believe he owned it all by himself. Anyway, mom lived there the whole time (Bobby had his own home). So mom paying the monthly payment was a reasonable arrangement. Not only did she end up staying in the home because of Bobby, it also served as a rent-free home for various other family members (mostly his brothers) over the years. But now that mom is dead they will likely argue Bobby didn't really do much of anything. But he really did. At a time no one else apparently could. To keep peace in the family, Bobby is probably going to have to consider barfing up some of the 50% equity he has in the (now appreciated) market value of the home. That...or deal with more (questionable) lawsuits from other family members. Any decent real estate broker could have unpacked all this for the judge in less than 10 minutes. Five minutes in, it was obvious what was going on. It was kind of painful watching this "no twist" slogfest.
That’s exactly my take on the whole situation as well. It makes sense that he owns half and the mother owned the other half. Easiest way to settle the matter is for all of the other children to buy out Bobby’s half or they had better be ready to sell it outright. Bobby gets half and all other kids divide the other half. I bet that’s how it works out in the end. Only way it might be different is if there is a survivor clause with the deed giving sole ownership to the remaining living owner after one of them dies.
@@stormygal67 I believe (but not totally certain) mom listed the property as an asset in her will. So all this is going to have to be resolved in probate. A lot of different family dynamics going on. I sincerely believe Bobby helped both Mom and sis in 1994. And he deserves a decent amount of goodwill for riding to the rescue. But why he was in court acting like he was sole owner...who knows. Maybe that's just from 30 years passing by and getting old. Or like you say, title involved survivor rights. If mom truly expressed concern with her other sons about "producing the papers" and Bobby always skirted the request, maybe he was hiding that her ownership interest was setup to transfer to him at death. A decent amount of negotiations are probably going to have to take place to get this all hashed out. Could be a long probate.
Always keep a well documented hand written diary…..it will hold up in court and dispel everyone else’s correct or incorrect assumptions. When it comes to money the vultures always come out!
My Dad and i have this agreement so that i dont have to deal with this type of mess. I have 4 siblings who haven't seen my 88 yr old father in years. I travel from out of town every week to do shopping, docs, etc... Its called right of survivorship. He sold the house to me and i gave him right of survivorship which means he can stay in the home until death. Upon his death i can do whatever i want with the property. You best believe all but one will be tripping over each other with hands out once he passes.
What you are describing is not right of survivorship. Right of survivorship transfers the title to one of the joint owners when the other dies. You are describing a lifetime tenancy which grants the right to live in a property until death but does not transfer ownership.
He already had a clause that said if she died he became soul owner. He didn't charge her rent because the mortgage was cheaper. It's his house those bums deserve nothing. Hire a lawyer.
WHY did they not read the paperwork, and get them in order, before they went to Court 🙄 A whole lot of shenanigans going on with this family. Shocking behaviour. OMG, did he defraud his mother?😮
@@divinemischief4655 It's 1994 and sister isn't able to keep up with her monthly mortgage payments. So HUD starts the process to foreclose. That means the home was bought by sister with no more than a 3% down payment in whatever year prior to 1994 that she used HUD to purchase it. I'll bet the home never appreciated during her ownership. Anyway, she probably had fallen many months behind in payments. As such, the amount she owed to HUD left the home upsidedown relative to what it could be sold for on the open market. So Bobby steps in to try and help mom stay in the same place rather than see her (and sister) be forced to leave upon completion of the foreclosure. We can deduce he did that because he had sufficient good credit that could contribute to a good outcome. Bobby mentions they first tried one approach that didn't pan out. That was probably them structuring the sale of the property to him (and mom) for $1 PLUS fully assuming the underlying debt. So he takes half ownership to a property that he OVERPAYS for relative to market. I'm sure he first tried just approaching HUD to see if they might allow him to officially takeover the debt. HUD said no. Bobby now goes and finds a private mortgage company (Midland) who agrees to give him/mom a purchase money loan. And that loan ended up closing prior to the foreclosure completing. Well done Bobby!! We don't know the actual terms of that loan... particularly how much was put down and where the funds for that came. But if it was Bobby, then he's done more than comport himself appropriately. Sadly, 30 years later, Bobby seems to have forgot he only bought a 50 percent interest in the property. Or maybe he was just putting on an act...letting his family believe he owned it all by himself. Anyway, mom lived there the whole time (Bobby had his own home). So mom paying the monthly payment was a reasonable arrangement. Not only did she end up staying in the home because of Bobby, it also served as a rent-free home for various other family members (mostly his brothers) over the years. But now that mom is dead they will likely argue Bobby didn't really do much of anything. But he really did. At a time no one else apparently could. To keep peace in the family, Bobby is probably going to have to consider barfing up some of the 50% equity he has in the (now appreciated) market value of the home. That...or deal with more (questionable) lawsuits from other family members. Any decent real estate broker could have unpacked all this for the judge in less than 10 minutes. Five minutes in, it was obvious what was going on. It was kind of painful watching this "no twist" slogfest.
I don’t know why she’s calling him a fraud because his mom made the mortgage payments if I bought a house and rented it out to somebody and charge them the amount of my mortgage payment it doesn’t make that their house. People do that all the time they buy houses just to rent them out to pay them off nothing fraud about it. She lived there. His sister lived there and his brother lived there so who do they think it supposed to pay the mortgage??
Wow. How that judge was able to sort through all that was truly impressive. She sent a clear message to the plaintiff that she's on to him. Can't wait to see how this turns out.
What a mess! How can he say he did mom a favor when she was paying the mortgage on his house? Then he said he had to help her out of a mess with the house by refinancing it, but that would be to his benefit, not hers. I think he defrauded mom.
It's 1994 and sister isn't able to keep up with her monthly mortgage payments. So HUD starts the process to foreclose. That means it was bought by sister with no more than a 3% down payment in whatever year prior to 1994 that she used HUD to purchase it. I'll bet the home never appreciated during her ownership. Anyway, she probably had fallen many months behind in payments. As such, the amount she owed to HUD left the home upsidedown relative to what it could be sold for on the open market. So Bobby steps in to try and help mom stay in the same place rather than see her (and sister) be forced to leave upon completion of the foreclosure. We can deduce he did that because he had sufficient good credit that could contribute to a good outcome. Bobby mentions they first tried one approach that didn't pan out. That was probably them structuring the sale of the property to him (and mom) for $1 PLUS fully assuming the underlying debt. So he takes half ownership to a property that he OVERPAYS for relative to market. I'm sure he first tried just approaching HUD to see if they might allow him to officially takeover the debt. HUD said no. Bobby now goes and finds a private mortgage company (Midland) who agrees to give him/mom a purchase money loan. And that loan ended up closing prior to the foreclosure completing. Well done Bobby!! We don't know the actual terms of that loan... particularly how much was put down and where the funds for that came. But if it was Bobby, then he's done more than comport himself appropriately. Sadly, 30 years later, Bobby seems to have forgot he only bought a 50 percent interest in the property. Or maybe he was just putting on an act...letting his family believe he owned it all by himself. Anyway, mom lived there the whole time (Bobby had his own home). So mom paying the monthly payment was a reasonable arrangement. Not only did she end up staying in the home because of Bobby, it also served as a rent-free home for various other family members (mostly his brothers) over the years. But now that mom is dead they will likely argue Bobby didn't really do much of anything. But he really did. At a time no one else apparently could. To keep peace in the family, Bobby is probably going to have to consider barfing up some of the 50% equity he has in the (now appreciated) market value of the home. That...or deal with more (questionable) lawsuits from other family members. Any decent real estate broker could have unpacked all this for the judge in less than 10 minutes. Five minutes in, it was obvious what was going on. It was kind of painful watching this "no twist" slogfest.
He owned the home. Instead of charging rent he let her pay the mortgage because it was cheaper. The siblings have no standing and will eventually be evicted.
Warranty or quit claim deeds usually say "$1 and other good and valuable consideration." What the "other consideration" is could be a mortgage or something else.
They needed someone help them understand these documents before going to court😞. My mother had all her children listed on the deeds of all her property. And properly filed with the county records. We all knew EXACTLY where we stood as far as ownership was concerned.
These people seem incapable of understanding English, or speaking English capably. They're so confused. I'm glad this judge was able to get to the heart of the matter and forward this matter to the appropriate court.
Sounds like the brother who took the loan out is the only sibling that took care of the financials for his mother and now that she is gone the other siblings want the house although they did nothing to earn it. Smh
If the sister sold it to him for $1, why was there even a mortgage? Did they just assume the sister’s mortgage? Seems like the lawsuit should go back to that transaction first.
Yes. It was 1994 when that transpired. The home at that time had gone into foreclosure through HUD. That means it was bought by sister with no more than a 3% down payment in whatever year prior to 1994 that she used HUD to purchase it. I'll bet the home never appreciated during her ownership. She then fell behind in payments. So the amount she owed to HUD left the home upsidedown relative to what it could be sold for on the open market. So Bobby steps in to try and help mom stay in the same place rather than see her be forced to leave upon completion of the foreclosure. We can deduce he did that because he had sufficient good credit that could contribute to a good outcome. Bobby mentions they first tried one approach that didn't pan out. That was probably them structuring the sale of the property to him (and mom) for $1 PLUS fully assuming the underlying debt. So he takes half ownership to a property that he OVERPAYS for relative to market. I'm sure he first tried just approaching HUD to see if they might allow him to officially takeover the debt. HUD said no. Bobby now goes and finds a private mortgage company (Midland) who agrees to give him/mom a purchase money loan. And that loan closed prior to the foreclosure completing. Well done Bobby!! We don't know the actual terms of that loan... particularly how much was put down and where the funds for that came. But if it was Bobby, then he's done more than comport himself appropriately. Sadly, 30 years later, Bobby seems to have forgot he only bought a 50 percent interest in the property. Or maybe he was just putting on an act...letting his family believe he owned it by himself. Anyway, mom lived there the whole time (Bobby had his own home). So mom paying the monthly payment was a reasonable arrangement. Not only did she end up staying in the home as a result of Bobby, it also served as a rent-free home for various other family members (mostly his brothers) over the years. But now that mom is dead they will likely argue Bobby didn't really do much of anything. But he really did. At a time no one else apparently could. To keep peace in the family, Bobby is probably going to have to consider barfing up some of the 50% equity he has in the (now appreciated) market value of the home. That...or deal with more (questionable) lawsuits from other family members. Any decent real estate broker could have unpacked all this for the judge in less than 10 minutes. Five minutes in, it was obvious what was going on. It was painful watching this slogfest.
Sounds like ole Bobby is the snake in this family. His mom wanted to “feel” like part owner and spend all her hard earned money every month just for HIM to get the house in the end. Yeah that makes total sense.
So this judge doesn’t understand that deeds don’t state sale prices? she’s not even reading the dead completely, I guarantee the deed states “$1 & other valuable consideration”. Furthermore, the deed is what indicates ownership. Who pays the mortgage is irrelevant. It’s good that she keeps her courtroom “in order” but her performance is not very impressive.
Everyone he knows should be told what he done to his mother trying to steel a house from her talking about i could have charged her rent but she was paying the bank note all his friends should be told about it but it sounds like hes the type that would not care because hes probably done worse to others with no guilt
This judge always runs a tight court. She zeros in on the pertinent issues and does not allow others to deflect from those. It is both entertaining and educational to watch her court sessions.
And when on zoom, you are in court. Haven't seen her do a zoom session. But I bet she would rightfully tell people to take off their headgear, sit still, no eating, be quiet, and no histrionics. Wish more judges were so inclined.
But she dissed Judge Judy 😡
Judge Judy does not allow yelling out in her courtroom!
@momsterzz Judy doesn't have a courtroom. Her show is about arbitration...and entertainment...employing plenty of "good for television" gimmicks. But Judy did used to be judge. I suspect Her Honor was very much no nonsense. I wonder if any recordings of her in court exist?
@@jaybingham3711 There's a video here on TH-cam called 'Judge Judy Before TV: A profile of Judith at work (1993). She was no nonsense back then too and took no crap lol
Judge Judy's show also paid for a good portion of the settlement cost. seriously! Why would anyone choose to have their case publicly aired it there wasn't a monetary advantage. The litigants on her show are literally low paid reality actors.
This kinda reminds me of what my dad went through after my grandma passed away because of my aunt. I swear some family members are more like enemies than family. I hope they can get this all figured out & I really hope he wasn't defrauding his mom.
I could have charged her rent but instead she was paying the mortgage.
Say what??
He only said that because the judge was making a big deal out of her paying the mortgage, instead of paying him. Hes the owner of the property. Rather than have a lease he just let her make the mortgage payments. The end result is the same. I don't know why this is such an issue for the judge.
A mortgage is less than rent payments
@Anthony-qf6cc the house was purchased in 1993. Her payments were probably $300 a month.
He wasn't trying to make money off of his mother, he borrowed it when she didn't have it and the house is his.
@@Faesharlyn agree 100% I miss read your comment
Why is that an issue? He could have charged her $800 per month and then turned around and paid the $300 mortgage…
Every time I hear "I lived with her for 10 years taking care of her!" I just assume its because they're bums that had no where else to go and think caring for their mother entitles them to the house they've been living in.
I uplifted my life of 35 years and moved back to my home state to take care of my father who was very ill. I had siblings living right next door to him. Apparently they didn't want to care for him. I never in a million years wanted his home. The thought never even crossed my mind. It's a tiny home in a very backwards location. Dad passed away and I moved on. My only thought was to be there for him in his final days.
You know what they say about assumptions.
🎯‼
It's 1994 and sister isn't able to keep up with her monthly mortgage payments. So HUD starts the process to foreclose. That means it was bought by sister with no more than a 3% down payment in whatever year prior to 1994 that she used HUD to purchase it. I'll bet the home never appreciated during her ownership. Anyway, she probably had fallen many months behind in payments. As such, the amount she owed to HUD left the home upsidedown relative to what it could be sold for on the open market. So Bobby steps in to try and help mom stay in the same place rather than see her (and sister) be forced to leave upon completion of the foreclosure. We can deduce he did that because he had sufficient good credit that could contribute to a good outcome. Bobby mentions they first tried one approach that didn't pan out. That was probably them structuring the sale of the property to him (and mom) for $1 PLUS fully assuming the underlying debt. So he takes half ownership to a property that he OVERPAYS for relative to market. I'm sure he first tried just approaching HUD to see if they might allow him to officially takeover the debt. HUD said no. Bobby now goes and finds a private mortgage company (Midland) who agrees to give him/mom a purchase money loan. And that loan ended up closing prior to the foreclosure completing. Well done Bobby!! We don't know the actual terms of that loan... particularly how much was put down and where the funds for that came. But if it was Bobby, then he's done more than comport himself appropriately. Sadly, 30 years later, Bobby seems to have forgot he only bought a 50 percent interest in the property. Or maybe he was just putting on an act...letting his family believe he owned it all by himself. Anyway, mom lived there the whole time (Bobby had his own home). So mom paying the monthly payment was a reasonable arrangement. Not only did she end up staying in the home because of Bobby, it also served as a rent-free home for various other family members (mostly his brothers) over the years. But now that mom is dead they will likely argue Bobby didn't really do much of anything. But he really did. At a time no one else apparently could. To keep peace in the family, Bobby is probably going to have to consider barfing up some of the 50% equity he has in the (now appreciated) market value of the home. That...or deal with more (questionable) lawsuits from other family members. Any decent real estate broker could have unpacked all this for the judge in less than 10 minutes. Five minutes in, it was obvious what was going on. It was kind of painful watching this "no twist" slogfest.
TY for enlightening this mess
That’s exactly my take on the whole situation as well. It makes sense that he owns half and the mother owned the other half. Easiest way to settle the matter is for all of the other children to buy out Bobby’s half or they had better be ready to sell it outright. Bobby gets half and all other kids divide the other half. I bet that’s how it works out in the end. Only way it might be different is if there is a survivor clause with the deed giving sole ownership to the remaining living owner after one of them dies.
@@stormygal67 I believe (but not totally certain) mom listed the property as an asset in her will. So all this is going to have to be resolved in probate. A lot of different family dynamics going on. I sincerely believe Bobby helped both Mom and sis in 1994. And he deserves a decent amount of goodwill for riding to the rescue. But why he was in court acting like he was sole owner...who knows. Maybe that's just from 30 years passing by and getting old. Or like you say, title involved survivor rights. If mom truly expressed concern with her other sons about "producing the papers" and Bobby always skirted the request, maybe he was hiding that her ownership interest was setup to transfer to him at death. A decent amount of negotiations are probably going to have to take place to get this all hashed out. Could be a long probate.
Always keep a well documented hand written diary…..it will hold up in court and dispel everyone else’s correct or incorrect assumptions. When it comes to money the vultures always come out!
@@jaybingham3711The title is readily available in public records - no way to hide it. If joint title with right of survivorship, case is over.
My Dad and i have this agreement so that i dont have to deal with this type of mess. I have 4 siblings who haven't seen my 88 yr old father in years. I travel from out of town every week to do shopping, docs, etc...
Its called right of survivorship. He sold the house to me and i gave him right of survivorship which means he can stay in the home until death. Upon his death i can do whatever i want with the property. You best believe all but one will be tripping over each other with hands out once he passes.
Exactly. If the deed says “Rights to Survivorship,” they can’t touch it. It doesn’t matter who paid the bills, rent, etc.
What you are describing is not right of survivorship. Right of survivorship transfers the title to one of the joint owners when the other dies. You are describing a lifetime tenancy which grants the right to live in a property until death but does not transfer ownership.
What a mess. It will take some effort to unravel all of this, and there will be hard feelings no matter what happens.
This is what happens when you don't have a will. 🤔
A will isn't proof of ownership. A deed is necessary or the mortgage paperwork.
She had a will.
She can't will property that doesn't belong to her
This is what happens when family members are disorganized.
He already had a clause that said if she died he became soul owner. He didn't charge her rent because the mortgage was cheaper. It's his house those bums deserve nothing. Hire a lawyer.
3:35 the brother 😂😂😅
I hate to see black families do this. 😢
Are they too stupid to read the paperwork before submitting it? 😂
Yes, they often are.
Self righteous are we?
WHY did they not read the paperwork, and get them in order, before they went to Court 🙄
A whole lot of shenanigans going on with this family. Shocking behaviour.
OMG, did he defraud his mother?😮
@@divinemischief4655 It's 1994 and sister isn't able to keep up with her monthly mortgage payments. So HUD starts the process to foreclose. That means the home was bought by sister with no more than a 3% down payment in whatever year prior to 1994 that she used HUD to purchase it. I'll bet the home never appreciated during her ownership. Anyway, she probably had fallen many months behind in payments. As such, the amount she owed to HUD left the home upsidedown relative to what it could be sold for on the open market. So Bobby steps in to try and help mom stay in the same place rather than see her (and sister) be forced to leave upon completion of the foreclosure. We can deduce he did that because he had sufficient good credit that could contribute to a good outcome. Bobby mentions they first tried one approach that didn't pan out. That was probably them structuring the sale of the property to him (and mom) for $1 PLUS fully assuming the underlying debt. So he takes half ownership to a property that he OVERPAYS for relative to market. I'm sure he first tried just approaching HUD to see if they might allow him to officially takeover the debt. HUD said no. Bobby now goes and finds a private mortgage company (Midland) who agrees to give him/mom a purchase money loan. And that loan ended up closing prior to the foreclosure completing. Well done Bobby!! We don't know the actual terms of that loan... particularly how much was put down and where the funds for that came. But if it was Bobby, then he's done more than comport himself appropriately. Sadly, 30 years later, Bobby seems to have forgot he only bought a 50 percent interest in the property. Or maybe he was just putting on an act...letting his family believe he owned it all by himself. Anyway, mom lived there the whole time (Bobby had his own home). So mom paying the monthly payment was a reasonable arrangement. Not only did she end up staying in the home because of Bobby, it also served as a rent-free home for various other family members (mostly his brothers) over the years. But now that mom is dead they will likely argue Bobby didn't really do much of anything. But he really did. At a time no one else apparently could. To keep peace in the family, Bobby is probably going to have to consider barfing up some of the 50% equity he has in the (now appreciated) market value of the home. That...or deal with more (questionable) lawsuits from other family members. Any decent real estate broker could have unpacked all this for the judge in less than 10 minutes. Five minutes in, it was obvious what was going on. It was kind of painful watching this "no twist" slogfest.
THIS is the best judge on u tube she doesnt pull no punches shes fair and goes by what the law says...
How can they not know to just obtain a copy of the Trust Deed on the property from the County Records? It will clearly list who owns the house.
I don’t know why she’s calling him a fraud because his mom made the mortgage payments if I bought a house and rented it out to somebody and charge them the amount of my mortgage payment it doesn’t make that their house. People do that all the time they buy houses just to rent them out to pay them off nothing fraud about it. She lived there. His sister lived there and his brother lived there so who do they think it supposed to pay the mortgage??
Exactly. I don't know how her paying him, and him paying the mortgage would change anything.
What a mess. Another family in a mess after a parent passes.
These people need lawyers. I pity the judge sifting through all this crap. People GET A WILL.
These two sound illiterate.
Messy messy messy
What a mess.
These people seem to be intellectually challenged. 🤔
Wow. How that judge was able to sort through all that was truly impressive. She sent a clear message to the plaintiff that she's on to him. Can't wait to see how this turns out.
This is sad.
What a mess! How can he say he did mom a favor when she was paying the mortgage on his house? Then he said he had to help her out of a mess with the house by refinancing it, but that would be to his benefit, not hers. I think he defrauded mom.
It's 1994 and sister isn't able to keep up with her monthly mortgage payments. So HUD starts the process to foreclose. That means it was bought by sister with no more than a 3% down payment in whatever year prior to 1994 that she used HUD to purchase it. I'll bet the home never appreciated during her ownership. Anyway, she probably had fallen many months behind in payments. As such, the amount she owed to HUD left the home upsidedown relative to what it could be sold for on the open market. So Bobby steps in to try and help mom stay in the same place rather than see her (and sister) be forced to leave upon completion of the foreclosure. We can deduce he did that because he had sufficient good credit that could contribute to a good outcome. Bobby mentions they first tried one approach that didn't pan out. That was probably them structuring the sale of the property to him (and mom) for $1 PLUS fully assuming the underlying debt. So he takes half ownership to a property that he OVERPAYS for relative to market. I'm sure he first tried just approaching HUD to see if they might allow him to officially takeover the debt. HUD said no. Bobby now goes and finds a private mortgage company (Midland) who agrees to give him/mom a purchase money loan. And that loan ended up closing prior to the foreclosure completing. Well done Bobby!! We don't know the actual terms of that loan... particularly how much was put down and where the funds for that came. But if it was Bobby, then he's done more than comport himself appropriately. Sadly, 30 years later, Bobby seems to have forgot he only bought a 50 percent interest in the property. Or maybe he was just putting on an act...letting his family believe he owned it all by himself. Anyway, mom lived there the whole time (Bobby had his own home). So mom paying the monthly payment was a reasonable arrangement. Not only did she end up staying in the home because of Bobby, it also served as a rent-free home for various other family members (mostly his brothers) over the years. But now that mom is dead they will likely argue Bobby didn't really do much of anything. But he really did. At a time no one else apparently could. To keep peace in the family, Bobby is probably going to have to consider barfing up some of the 50% equity he has in the (now appreciated) market value of the home. That...or deal with more (questionable) lawsuits from other family members. Any decent real estate broker could have unpacked all this for the judge in less than 10 minutes. Five minutes in, it was obvious what was going on. It was kind of painful watching this "no twist" slogfest.
He owned the home. Instead of charging rent he let her pay the mortgage because it was cheaper. The siblings have no standing and will eventually be evicted.
Should have kept his mouth shut he was winning !
Warranty or quit claim deeds usually say "$1 and other good and valuable consideration." What the "other consideration" is could be a mortgage or something else.
They needed someone help them understand these documents before going to court😞. My mother had all her children listed on the deeds of all her property. And properly filed with the county records. We all knew EXACTLY where we stood as far as ownership was concerned.
These people seem incapable of understanding English, or speaking English capably. They're so confused. I'm glad this judge was able to get to the heart of the matter and forward this matter to the appropriate court.
Sounds like the brother who took the loan out is the only sibling that took care of the financials for his mother and now that she is gone the other siblings want the house although they did nothing to earn it. Smh
Usual suspects.
Just fyi that is not judge Boyd.
If the sister sold it to him for $1, why was there even a mortgage? Did they just assume the sister’s mortgage? Seems like the lawsuit should go back to that transaction first.
Sounds like the cosigning brother refinanced it.
Avoiding taxes?
Yes. It was 1994 when that transpired. The home at that time had gone into foreclosure through HUD. That means it was bought by sister with no more than a 3% down payment in whatever year prior to 1994 that she used HUD to purchase it. I'll bet the home never appreciated during her ownership. She then fell behind in payments. So the amount she owed to HUD left the home upsidedown relative to what it could be sold for on the open market. So Bobby steps in to try and help mom stay in the same place rather than see her be forced to leave upon completion of the foreclosure. We can deduce he did that because he had sufficient good credit that could contribute to a good outcome. Bobby mentions they first tried one approach that didn't pan out. That was probably them structuring the sale of the property to him (and mom) for $1 PLUS fully assuming the underlying debt. So he takes half ownership to a property that he OVERPAYS for relative to market. I'm sure he first tried just approaching HUD to see if they might allow him to officially takeover the debt. HUD said no. Bobby now goes and finds a private mortgage company (Midland) who agrees to give him/mom a purchase money loan. And that loan closed prior to the foreclosure completing. Well done Bobby!! We don't know the actual terms of that loan... particularly how much was put down and where the funds for that came. But if it was Bobby, then he's done more than comport himself appropriately. Sadly, 30 years later, Bobby seems to have forgot he only bought a 50 percent interest in the property. Or maybe he was just putting on an act...letting his family believe he owned it by himself. Anyway, mom lived there the whole time (Bobby had his own home). So mom paying the monthly payment was a reasonable arrangement. Not only did she end up staying in the home as a result of Bobby, it also served as a rent-free home for various other family members (mostly his brothers) over the years. But now that mom is dead they will likely argue Bobby didn't really do much of anything. But he really did. At a time no one else apparently could. To keep peace in the family, Bobby is probably going to have to consider barfing up some of the 50% equity he has in the (now appreciated) market value of the home. That...or deal with more (questionable) lawsuits from other family members. Any decent real estate broker could have unpacked all this for the judge in less than 10 minutes. Five minutes in, it was obvious what was going on. It was painful watching this slogfest.
His sis was in foreclosure and he took iut a loan so that his sis and mom could stay there.
Sounds like ole Bobby is the snake in this family. His mom wanted to “feel” like part owner and spend all her hard earned money every month just for HIM to get the house in the end. Yeah that makes total sense.
So this judge doesn’t understand that deeds don’t state sale prices? she’s not even reading the dead completely, I guarantee the deed states “$1 & other valuable consideration”.
Furthermore, the deed is what indicates ownership. Who pays the mortgage is irrelevant. It’s good that she keeps her courtroom “in order” but her performance is not very impressive.
Everyone he knows should be told what he done to his mother trying to steel a house from her talking about i could have charged her rent but she was paying the bank note all his friends should be told about it but it sounds like hes the type that would not care because hes probably done worse to others with no guilt
holy shit this is wild
24:49 OH SHIT!
It's amazing to watch black deadbeats. They are either in prison or mooching off their parents.
What a mess, oy!