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Not sure what will happen to them, sorry to hear that happened to you. About 2 years ago My Fiance of 6 years, (now my EX-FIANCE) and his Loan Officer conned fast cash loans frankston into lending his Parents the money for his down-payment, as a GIFT from them (10k). This money was VERBALLY AGREED UPON, by my Fiance and his Parents, that the monies I lent them, was a LOAN and NOT a GIFT.
We werent to be married until a year after Settlement, and I would not have any Equity nor be on the title to the house until we were married. I asked about just adding me to the title at Settlement and I was told by the Loan Officer that it was not a good idea to do so. I was extremely wary of this whole transaction, and about 3 days before Settlement (by Fast cash loans frankston prodding from my Fiance and his Loan Officer), I FINALLY told my Bank to wire the money to my Fiances parents.