my home was sold at pub auction 7/4/06, TX. yes, was in default. yes,should have done more, sooner. hindsight 20/20. however, i did keep in contact with lender via 1800#'s over last few months. made 1st pymt arrangement of 4K. forsaw probs with making 2nd pymt of 2.5K-called lender..told to do my best. i could not make pymt..broke plan..goes active FC. On 7/3 I call for options to try to save home. given options and due to miracle (GOD), $$ was avail. via family-would allow for me to reinstate my loan and/or purchase back the full amount of the loan-whatever it would take. things start looking up (so i thought). this csr also stated (3 times) auction set for 7/5 NOT 7/4 b/c of holiday.
on 7/5 @ 7a.m. i call to confirm $$ needed, where to take, etc...told home sold on 4TH. WHAT????
i believe extreme carelessnes and/or blatant dishonesty of csr communication/info. is now dictating a HUGE chunk of my future well-being. do i have any rights here, now, future? pls someone help.
2006-07-06 14:41:15 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Most states have a "right of redemption" period after a foreclosure. In my state it is 1 year. During this period the owner (you) can redeem the property for the full balance owed. It does not matter if it has been sold, you can still get it back.
The ignorance of the csr is probably not going to save you, but you can check with an attorney to be sure.
2006-07-06 16:12:48 · answer #1 · answered by bigtony615 4 · 0⤊ 0⤋
In Texas, the foreclosing lender has to send you a certified letter stating the date and time of the auction within 20 days of the auction. It also needs to be posted at the county clerk's office. If they failed to do that, then get a lawyer. Also, by law, the auction must be held on the first tuesday of every month (regardless of holidays), if that liar told you something different, then get a lawyer.
Also, in Texas, the borrower's right of redemption after the sale does not exist.
Regards
2006-07-06 19:10:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You still have time.All states are diferrent inregards to foreclosure process but a home owner still have rights.You have 45 days even after the auction to redeem your property even though it was sold at an auction.What you have to do is find out through the court docket the banks attorney and tell them you will pay.File an appearance in court.See if you can get a Real Estate Attorney to file the appearance to payoff or reinstate loan.You need to do this ASAP in the am.You have time before the judge approves the sale..Good luck.Go get your house!!!
www.foreclosureavoidance.ws
2006-07-06 16:12:31 · answer #3 · answered by innovativeinvest@sbcglobal.net 2 · 0⤊ 0⤋
sound like to me you need to call a real estate lawyer and ask them what your options are. Do you have it in writing that the sell was suppose to happen on the 5th? If so it sounds like to me you have a case.
2006-07-06 14:47:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
that smells fiushy you need to fight that with everything you've got and hold on for the ride it's gonna be a long twisted one I'm sure...best of luck....
2006-07-06 14:45:49 · answer #5 · answered by JeNe 4 · 0⤊ 0⤋
Get a lawyer! I hope you have all your contact dates documented?
2006-07-06 14:46:01 · answer #6 · answered by Donald D 1 · 0⤊ 0⤋
Find out what your redemption period is and maybe you can buy the property back.
2006-07-06 15:15:07 · answer #7 · answered by Superman P 2 · 0⤊ 0⤋
you screwed up, live with it!
2006-07-06 14:45:42 · answer #8 · answered by Pobept 6 · 0⤊ 1⤋