Ok this is no joke im going to tell you. This is the story of my dad owning a shop then getting it taken off him because he was late on the payments.
please take your time to read this.
Ok in 2002, my dad, 2 uncles, cusin, my bro and i sat down to discuss opening up a shop. We found a nice big one so that we could have enough space to get work done.
the shop costed $302,000. there was a big property. There was a sales lot for about 40 cars. A sales office. the paking lot for the garage you could fit about 100 cars all around the garage. In the shop you could fit about 20 cars (- out the paint booth and lift.
we also put down 50k downpayment and payed a lease on the shop, because the bank would'nt lend us the money.
In side the garage there was a big paint booth, life, office. We put in a frame machine in there too.
So we liked it for a while. I guess since we were making like 8-10k every month, we didnt mind. Until my uncles starting hating it there, and quit. i still hate them to this day about it. Then my cusin left, i want to hurt him. So basically it was me, my bro, my dad. for this big garage. so my dad hired a guy to do the body work. which later he just got up and left and stole a bunch of our tools. we never found him. Then he hired another guy, he was kickass, but his heath wasnt that good, so he left. and then we hired another guy that was cool at first, then just pissed us off and we fired him when the garage was on its way out.
so then after making about 5k every month, the garage was on its way to close.
in this time, the previous owner (fuckin moron). he told us we dont have to worry about anything, he got it covered. we found out we never payed any taxes to the irs (sales tax for everything we buy). so we found out it rounded up to 16k!!! we didnt have that kind of money. so basically we got screwed. plus we were behind on the property taxes and late on the lease payments.
we closed the shop and he took it back.
Ok so when he took it back, he didnt give us back the 50k downpayment, or any of the payments we made to him.
we replaced half of the roof, because it was leaking. and did a bunch of repairs on the shop.
so he takes the garage and sells it to one guy he knew for 300k. wtf??? so hes like ill cover the sales tax (he didnt pay the whole thing). so we got pissed.
irs calls up 1 year later and tells us we owe them money.
by now my dad starting stressing alot, and he started loosing more hair, because all this shit was soon going to kill him.
we then took out a loan to pay all the debt. we used alot of credit cards to get us through those hard times in the shop and to try buy cars, fix them, and sell them. the loan was about 120k. it includes the payments left on the house, the 47k downpayment (we paid off a bit) and most of the credit cars. (we paid off some). then we payed off the irs.
life was back on track now. my dad and mom got a good job. i got a pretty decent job. and my bro works as a computer tech for some big company. he he gets paid decent. we all struggle and pay the bills on time.
it was all good, until now. the bank we borrowed money, calls us and tells my dad, your doing good. but you have a problem. my dad is like whats going on. the said the previous owner from the shop, put a lean on your house. my dad got so fuckin pissed. i tell you, if he went insane, he'd probably kill the previous owner.
so right now we're figuring out what to do. my dad is probably going to hire a lawyer and sue the guy for 200k plus to tell him to take the lean off the house.
so guys what would you do??????? please your help is important.
please take your time to read this.
Ok in 2002, my dad, 2 uncles, cusin, my bro and i sat down to discuss opening up a shop. We found a nice big one so that we could have enough space to get work done.
the shop costed $302,000. there was a big property. There was a sales lot for about 40 cars. A sales office. the paking lot for the garage you could fit about 100 cars all around the garage. In the shop you could fit about 20 cars (- out the paint booth and lift.
we also put down 50k downpayment and payed a lease on the shop, because the bank would'nt lend us the money.
In side the garage there was a big paint booth, life, office. We put in a frame machine in there too.
So we liked it for a while. I guess since we were making like 8-10k every month, we didnt mind. Until my uncles starting hating it there, and quit. i still hate them to this day about it. Then my cusin left, i want to hurt him. So basically it was me, my bro, my dad. for this big garage. so my dad hired a guy to do the body work. which later he just got up and left and stole a bunch of our tools. we never found him. Then he hired another guy, he was kickass, but his heath wasnt that good, so he left. and then we hired another guy that was cool at first, then just pissed us off and we fired him when the garage was on its way out.
so then after making about 5k every month, the garage was on its way to close.
in this time, the previous owner (fuckin moron). he told us we dont have to worry about anything, he got it covered. we found out we never payed any taxes to the irs (sales tax for everything we buy). so we found out it rounded up to 16k!!! we didnt have that kind of money. so basically we got screwed. plus we were behind on the property taxes and late on the lease payments.
we closed the shop and he took it back.
Ok so when he took it back, he didnt give us back the 50k downpayment, or any of the payments we made to him.
we replaced half of the roof, because it was leaking. and did a bunch of repairs on the shop.
so he takes the garage and sells it to one guy he knew for 300k. wtf??? so hes like ill cover the sales tax (he didnt pay the whole thing). so we got pissed.
irs calls up 1 year later and tells us we owe them money.
by now my dad starting stressing alot, and he started loosing more hair, because all this shit was soon going to kill him.
we then took out a loan to pay all the debt. we used alot of credit cards to get us through those hard times in the shop and to try buy cars, fix them, and sell them. the loan was about 120k. it includes the payments left on the house, the 47k downpayment (we paid off a bit) and most of the credit cars. (we paid off some). then we payed off the irs.
life was back on track now. my dad and mom got a good job. i got a pretty decent job. and my bro works as a computer tech for some big company. he he gets paid decent. we all struggle and pay the bills on time.
it was all good, until now. the bank we borrowed money, calls us and tells my dad, your doing good. but you have a problem. my dad is like whats going on. the said the previous owner from the shop, put a lean on your house. my dad got so fuckin pissed. i tell you, if he went insane, he'd probably kill the previous owner.
so right now we're figuring out what to do. my dad is probably going to hire a lawyer and sue the guy for 200k plus to tell him to take the lean off the house.
so guys what would you do??????? please your help is important.
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