32° CLEAR, Boseman's foreclosure dismissed; family can stay in home
Last Modified: Thursday, November 20, 2008 at 10:03 p.m.
A family living in a mobile home in Winnabow owned by state Sen. Julia Boseman may not have to leave after all.
- Family gets bank loan to buy home once owned by Boseman
- Winnabow family stands to lose home on Boseman's property
- Records show Boseman owns property in foreclosure
- State Sen. Boseman faces two more foreclosures
- Gloves come off in N.C. Senate's district 9 race
- Julia's house is a mess
- Boseman house sold at auction
- Boseman house sold at auction; other properties bought by couple might be next
- Boseman's main failing is arrogance
The foreclosure on the property at 2096 Old Mill Creek Road was dismissed on Tuesday, according to Brunswick County court records, which did not specify a reason.
The mortgage holder, RBC Bank, will allow Javier and Maria Castillo to take over the payments, Boseman said on Thursday.
“We were confident that we could work it out and they would maintain their home,” Boseman said. “I’m happy that they’re able to stay in the home.”
The Castillos could not be reached for comment on Thursday.
Boseman said the home, which she was in the process of selling to the Castillos for $55,000, fell into foreclosure proceedings because RBC pulled a note on the property. The bank began foreclosure proceedings on the Old Mill Creek Road property because another lot in New Hanover County owned by Boseman went into foreclosure, she said. It all stemmed from a bitter separation from her former domestic partner. The state senator said she had been paying the mortgage on the house the Castillos had called home for nearly four years.
Boseman, who was financing the sale of the property to the Castillos, said she has been trying to work with them since the foreclosure proceedings began, but a language barrier complicated matters because she does not speak Spanish, the family’s native language.
“It’s been difficult trying to communicate effectively,” she said. “The good news is it’s worked out. They’ll keep the house and end up paying less.”
Boseman said she didn’t know what arrangement the bank had made with the family, but that the interest through the bank will be lower than the 9 percent interest she was charging them and they’ll end up owing less to the bank than they owed her.
“They’re actually going to save a lot of money,” she said.
A foreclosure hearing was held Nov. 13, and the house was set to be auctioned on Dec. 10. Boseman said the Castillos now owe $25,000 on the property instead of the $36,000 they would have owed her after they signed a contract with her in January 2005.
Boseman said she is waiting for the bank to tell her what to do about the deed on the house.
“I’m waiting for them to tell me what to do,” she said. “I’m happy to deed it over.”
Veronica Gonzalez: 343-2008
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Comments
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November 21, 2008 7:24:25 am
Well, it sounds like it all turned out as many thought it should. It would be nice to have more details.
November 21, 2008 9:42:10 am
I give the Senator no credit. RBC found a way to get paid without having to own another doublewide in Brunswick County they didn't want. Also, the whole deal had "Lawsuit" written all over it from RBC's point of view. And again, WSN goes along with the "related to her breakup" nonsense. The money doesn't add up either. Maybe they've agreed to a "short sale" rather than get stuck with the property.
November 21, 2008 12:20:59 pm
You're right, the money doesn't add up. Obviously Boseman took some cash out of her pocket, which she could have done before it went into foreclosure.
I still have some nagging questions.
WSN first reported the house was in foreclosure because of delinquent payments. Now they are saying the bank called the note. Which is it?Why did Boseman transfer the deed to her girlfriend in April? Why not the Castillo family instead?
LINK TO DEED
If Boseman intended for the Castillo family to keep the home, why did they hear about it from their neighbor and not Boseman? Oh yeah, that's right...they have a LANGUAGE barrier.
Boseman claims she couldn't communicate effectively regarding the foreclosure which brings me to the obvious question. How did she communicate a land sale contract to them in 2005? I doubt their English was better then than now.
What does she have to do for the Democratic Party to remove her?
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