We bought the villa 6 years ago for a total price of $150,000 but we never got title of the property. A few years after that, the developer didn't payback the loan to the bank and the bank took the property.
Now, the bank sold the whole complex to a new developer owner and the new developer is willing to give us title if he pay an additional $68,000.-.
Please confirm the following three facts because I want to make sure before I buy the villa:
1. You got ripped off for $150,000 and do not have the title to this property and are not connected to this property in any legal way.
2. Your saying that the new guy -- who is a real estate developer -- is willing to sell it to you for less than half of what it's worth.
3. You haven't found anyone who will take this deal for six years.
Do I have that straight?