Can U get your property or equity back after foreclosure auction?
Written by on May 1st, 2009
My clients property in foreclosure was just auctioned yesterday. A buyer already had comitment and was supposed to close witin the next 7 days. Re-instatement cheque was not accepted cos it was said to be too late.
Is there any other option left for the homeowner? He has about $65,000 equity in this deal and all the familys life savings will be gone!
Also, what happens when a property is sold at a foreclosure auction for more than the amount owed? Does the homeowner gt back the excess funds?
Thanks.
By: Meesteek
About the Author:
Is there any other option left for the homeowner? He has about $65,000 equity in this deal and all the familys life savings will be gone!
Also, what happens when a property is sold at a foreclosure auction for more than the amount owed? Does the homeowner gt back the excess funds?
Thanks.
By: Meesteek
About the Author:
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Tags: Foreclosure Auction, Foreclosure Property, Property Foreclosure
May 3rd, 2009 at 8:27 am
yeah of the person that brought it decides to sell it and you buy it back but I mean no it is kind of hard.
May 4th, 2009 at 11:54 am
contact lawguru.com. It’s free and within 24 hrs you will get a reply from a lawyer in your state
May 5th, 2009 at 1:28 am
"Uw klant"? U weet niet wat te doen in deze situatie en u bent die hen vertegenwoordigen? Om hen te helpen, vertel hen dan het huren van een advocaat. Misschien is de advocaat kan helpen hen aanklagen u voor die hen vertegenwoordigen in een situatie waar je hebt geen idee wat te doen.
May 7th, 2009 at 7:50 am
Nope. Te laat. De akte heeft reeds handen veranderd en de gelijkheid is gegaan.
May 8th, 2009 at 7:04 am
unfortunatley Twój klient jest w poważnych kłopotach. od domu nie jest już uważane za nich (co się stało, kiedy rozpoczęto postępowanie forclosure) nie mają prawa do tego majątku, który już zawiera nadmiar funduszy. że dom należy do banku.
May 10th, 2009 at 7:59 am
Soy un banquero de hipoteca en NJ. Cuando una casa forclosed y pasa a través de la subasta, el andything a la izquierda sobre se pasa en el dueño. Tenga presente que esto está después de todo el interés y honorarios, tan allí no puede ser ido mucho.