rox
Veteran Member
This is a bitter sweet post. The bitter part is the guy we sold my husband's restaurant to 7 years ago quit paying and we are gettin it back. We sold it on a Lond Contract which is different than a mortgage. On a Land Contract the title is in the purchasers name after the last payment is made.
Yeah it really sucks. That payment made our farm payment so we are really screwed now. We put down a huge amount on our farm but still had a mortgage so like I said it is very tough times in our house. Instead of going back home to France at the end of our September vacation I am stuck here having to deal with it. I had planned on spending a week with my parents with my husband leaving a week early. he flew home and while he was on the airlplane I got the e-mail that the guy had closed the doors. This is very troubling for us, very troubling. At least my husband an I are hanging tight together and we will work through it.
We don't get legal possession until we foreclose but I did get the guy to give me keys and also jointly sign a listing contract. The lawyer next door really wants it and can afford it but he wants an operator in there as a tenant before he buys it. So we have some irons in the fire but nothing yet.
Our regular attorney says that he is not a litigator and has never done a foreclosure on a land contract he will find me an attorney who specializes in it. So he sits on his hands for a while and nothing happens so I get busy. I go to the website for the Circut Cout and look up sheriffs sale foreclosures. I look up the paperwork and write down the attorneys who are handling the foreclosures for the plaintifs. One law firm had a slew of them but they didn't want my business. They only work for lenders. Move onto the next one who also had a lot of foreclosures and hit paydirt. Called them up and asked for a price on an un contested foreclosure of a land contract. They called me back and siad they would do it for $800 plus the court costs (would have to pay court costs no matter who handles it). Gee that seems pretty good to me so I go over there. It was a real busy office but the main partner met with me, a woman and we got to talking and it ended up that she will do the foreclosure for olvie oil
. Every year for the next couple years I come back to the states I have to bring her 5 liters of olive oil until the bill is paid off. hey a silver lining in a dark cloud.
No longer having our farm payment be guaranteed is one thing but the guy left us with $14,000 in delinquent real estate taxes, $2,000 in delinquent sewere bills and cough cough $15,000 in unpaid sales tax. Now you would think the unpaid sales tax would not be our issue right? However the great state of Wisconsin has a clever way of collection. They simply won't issue a new seller permit at the business address until somebody pays the delinquency, which will end up being us. PLUS in december we will have to pay our mill which will be about $12,000 and of course the nices and nephews who help us with the harvest. We have a condo in Cannes we don't owe anything on, we don't owe anything on the restaurant either thank God, so we put that up for sale also. Darn! We do love that condo but who knows how long it will be until the restaurant sells. Oh did I forget to mention we are also putting on a new roof. When I went there the guy was just collecting rainwater in buckets fromt he office upstairs when it rained, cha-ching add another $8,200. Plsut he plumber bill whihc si expect to be around $3,000 to $4,000 to blow out all the pipes change otu the faucet in the bar sink, change some kind of cartridge in the urinal. I was there with the plumbers and they had 2 guys on the job half a day and were not close to being done. I am sure they have 2 full days of at least 2 plumbers working so that is going to be a big bill.
Well anyway at least I have some satisfaction knowing I found an attorney who will work off her bill in olive oil. We may not have much and trust me right now it is all flying out the window but at least we do have olvie oil.
Yeah it really sucks. That payment made our farm payment so we are really screwed now. We put down a huge amount on our farm but still had a mortgage so like I said it is very tough times in our house. Instead of going back home to France at the end of our September vacation I am stuck here having to deal with it. I had planned on spending a week with my parents with my husband leaving a week early. he flew home and while he was on the airlplane I got the e-mail that the guy had closed the doors. This is very troubling for us, very troubling. At least my husband an I are hanging tight together and we will work through it.
We don't get legal possession until we foreclose but I did get the guy to give me keys and also jointly sign a listing contract. The lawyer next door really wants it and can afford it but he wants an operator in there as a tenant before he buys it. So we have some irons in the fire but nothing yet.
Our regular attorney says that he is not a litigator and has never done a foreclosure on a land contract he will find me an attorney who specializes in it. So he sits on his hands for a while and nothing happens so I get busy. I go to the website for the Circut Cout and look up sheriffs sale foreclosures. I look up the paperwork and write down the attorneys who are handling the foreclosures for the plaintifs. One law firm had a slew of them but they didn't want my business. They only work for lenders. Move onto the next one who also had a lot of foreclosures and hit paydirt. Called them up and asked for a price on an un contested foreclosure of a land contract. They called me back and siad they would do it for $800 plus the court costs (would have to pay court costs no matter who handles it). Gee that seems pretty good to me so I go over there. It was a real busy office but the main partner met with me, a woman and we got to talking and it ended up that she will do the foreclosure for olvie oil
. Every year for the next couple years I come back to the states I have to bring her 5 liters of olive oil until the bill is paid off. hey a silver lining in a dark cloud.No longer having our farm payment be guaranteed is one thing but the guy left us with $14,000 in delinquent real estate taxes, $2,000 in delinquent sewere bills and cough cough $15,000 in unpaid sales tax. Now you would think the unpaid sales tax would not be our issue right? However the great state of Wisconsin has a clever way of collection. They simply won't issue a new seller permit at the business address until somebody pays the delinquency, which will end up being us. PLUS in december we will have to pay our mill which will be about $12,000 and of course the nices and nephews who help us with the harvest. We have a condo in Cannes we don't owe anything on, we don't owe anything on the restaurant either thank God, so we put that up for sale also. Darn! We do love that condo but who knows how long it will be until the restaurant sells. Oh did I forget to mention we are also putting on a new roof. When I went there the guy was just collecting rainwater in buckets fromt he office upstairs when it rained, cha-ching add another $8,200. Plsut he plumber bill whihc si expect to be around $3,000 to $4,000 to blow out all the pipes change otu the faucet in the bar sink, change some kind of cartridge in the urinal. I was there with the plumbers and they had 2 guys on the job half a day and were not close to being done. I am sure they have 2 full days of at least 2 plumbers working so that is going to be a big bill.
Well anyway at least I have some satisfaction knowing I found an attorney who will work off her bill in olive oil. We may not have much and trust me right now it is all flying out the window but at least we do have olvie oil.
