2006-09-10 17:46:58 · 8 answers · asked by lilmissdottie 1 in Business & Finance ➔ Renting & Real Estate
If it has been sold then you are no longer the home owner,it is final. There are no options.
2006-09-10 17:49:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Check your state laws on the subject. There may be a right of recision stipulation in the law for foreclosure. If so, you can get your property back within a certain ammount of time. That is the risk many people take assuming that a court step sale is final, it's not always. Reality is that most people don't buy the property back, and is probably why most people don't know about it or took the time to do their homework.
Good luck.
Las Vegas Real estate
http://www.myhomeinvegas.com
2006-09-10 21:20:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Depends - if you can prove fraud on the part of the foreclosing bank then you may just be able to get your property back and more.
There is currently a major scam being run in the US by immigrant property speculators. Working with banks here's what they're doing - they're advertising soon to be foreclosured properties in ethnic media and in foreign countries only (like in Japan where I am). Only their people get to read that your property is heading into default and foreclose... And I really mean their people - i.e. their partners. They then come with court papers telling you that you've got to move, your property was sold at auction when you failed to attend etc...
Checkout Hawaii and see what they're doing to decent little old ladies. And the police are part of the scam! I mean if they can't suspect this is fraud then they're in on it.
Get your self an investigative journalist to look into how you were informed about the foreclosure. If you only got to hear about it - never given the option to sell privately or refinance, when the sheriff's people came to evict you then you have a case.
All the best.
2006-09-10 18:33:42 · answer #3 · answered by brian s 2 · 0⤊ 0⤋
I agree wholeheartedly with the above poster. It depends on which state you live in. Some states have "redemption periods" where you can redeem your home through the sheriff's office for a certain amount of days after the sale. You should call the sheriff's office in your county and ask if you have the right to redeem, they will probably tell you.
2006-09-12 16:10:15 · answer #4 · answered by denise123456 2 · 0⤊ 0⤋
The home now belongs to the new owner. You should make an offer to buy it back if you feel you simply can't move on to somewhere else (for example that home had been in the family for a few generations, etc...)
For future reference, do everything in your power to prevent foreclosure before it is completed.
2006-09-10 18:13:23 · answer #5 · answered by Bama 5 · 0⤊ 0⤋
If the sale was complete, I don't think you can do anything. You may have a few options for buying back the property if the sale hasn't been completed yet.
2006-09-10 17:53:32 · answer #6 · answered by Mariposa 7 · 0⤊ 0⤋
Buy the property back.
If your property was truly taken from you unfairly then you can file a lawsuit against the bank and the sherriff.
Otherwise you might want to look for a comfortable apartment.
2006-09-10 17:48:42 · answer #7 · answered by Cattlemanbob 4 · 0⤊ 0⤋
your fu_cked
2006-09-11 13:27:13 · answer #8 · answered by business creature 2 · 0⤊ 0⤋