My ex was ~supposed~ to take my name off of the home mortgage loan in April and has failed to do so. I just found out that I could have the option to take over the house since my name is still on it, but he hasn't made payment in MONTHS. How can I find out if it's already gone from foreclosure to Sheriffs Sale?
2006-12-03 04:18:35 · 5 answers · asked by thelilred_whocould 1 in Business & Finance ➔ Renting & Real Estate
I'm not sure I can make a bid on the house if I'm still on the title can I ?
2006-12-03 04:33:53 · update #1
Call the mortgage company ask for their legal department. If it is not sold, you can redeem it but you would be required to make all back payments and any charges, or penalties, involved. If you ask the mortgage company they would probably be willing to negotiate a payment schedule to assist you. Not all will, but it's worth a try. You should ask for an extension of the "notice of sale" to enable you time to make a settlement The banks are not in the real estate market and would rather not have your house on their asset list. Banks will often do anything to help IF YOU ASK THEM; THEY HATE TO BE IGNORED WHILE YOU DON"T MAKE PAYMENTS. Give it a try. Your other option would be to refinance, it if your credit will be worthy, and start over. Some programs can help you with initial lower payments while you re-establish yourself. I can help you if you wish. Get your credit file updated to remove your ex's bad record from your personal file.
2006-12-03 04:36:07 · answer #1 · answered by avalonphillip 2 · 1⤊ 0⤋
At the court house where the title is registered or at the mortgage company.
Depending on the total amount of back payments plus the remaining balance on the house it maybe cheaper to bid on the house at auction and get it for a lesser price than the current outstanding debt. Talk to a Realtor.
2006-12-03 12:32:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You are on the loan. Call the bank and ask them. You are still responsible for the loan. Your ex can't take you off the loan. ONLY the bank can release you and they obviously didn't. They will be happy to talk to you about it. You can get him off the title by having him sign a quit claim deed. A cheap and simple form available at most court houses.
2006-12-03 12:25:26 · answer #3 · answered by Jim7368 3 · 0⤊ 0⤋
Contact your county officials or sheriff. They would be able to verify the status of your property. Make sure you know the parcel ID when you contact them. Also check out the book below to see how you could recover this house if it is in a redemption period.
2006-12-03 23:25:42 · answer #4 · answered by John Rosa 3 · 0⤊ 0⤋
I know a good real estate agent in that area that can help you out. Please email me with your contact information at mjensen@diversifiedlender.com
2006-12-04 10:36:01 · answer #5 · answered by Matt J 3 · 0⤊ 0⤋