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## Situation Overview

My wife and I live in WA and back in 2019 took out an “RV” loan (~$100k) to have a company based out of Portland, OR build us a 31ft Tiny Home trailer. Unfortunately, the company never actually built us the Tiny House despite receiving 80% of the payment upfront. After filing for bankruptcy in 2020 and recovering from it with PPP loans, they still failed to deliver the promised construction due to various reasons like COVID, wildfires, and winter storms.

## Legal Proceedings and Settlement Agreement

After consulting with a lawyer, we sent a “breach of contract” letter to the company, which eventually led to a signed settlement agreement in 2022. In the settlement, the company agreed to repay the total sum of our loan over 60 months while allowing them to keep the trailer meant for building our Tiny House. However, the company only made 8 payments totaling ~$10k and has since failed to meet their obligations.

## Current Financial Struggles

Despite our efforts to communicate with the company, they have provided sparse updates and have stalled payments due to negotiations with their first position lender. This ongoing situation has caused immense financial strain, with us still making monthly payments for a non-existent Tiny House and facing additional mortgage payments from purchasing a new house.

## Need for Assistance

Considering our out-of-state status and financial constraints, hiring a lawyer to pursue legal action seems daunting and potentially futile given the company’s history of bankruptcy. We have considered options like selling our debt settlement but are unsure of the feasibility. We seek guidance on the best course of action to resolve this predicament and alleviate our long-standing financial burdens.

AI Legalese Decoder can assist in analyzing the settlement agreement to identify any potential breaches by the company and provide insights on legal options available. Additionally, the tool can offer resources on debt settlement processes and connect you with financial advisors to explore alternative solutions. Through AI-powered guidance, you can navigate the complexities of this situation effectively and make informed decisions to secure your financial well-being.

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AI Legalese Decoder: Simplifying Legal Jargon

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