Consumer Rights after Foreclosure
I defaulted on my home loan, then filed a ''right of redemption'' with the county clerk of courts over 60 days ago so that I could try and obtain financing. Now, I have a friend who has agreed to co-sign so that I can save my home, but I have not received any return calls from my bank. The bank bought my house when it was was sold at the sheriff's auction over 3 months ago, but I have not received any notice since then. Do I have any rights as far as still trying to buy it? The total penalty I owe is over $50K; my original downpayment was approximately $40K; I paid 3 years of a 30 year mortgage before defaulting. The market value is approximately $185K. I look forward to your help.
Asked on 12/26/01, 5:55 pm
1 Answer from Attorneys
Gregg Manes
Gregg A. Manes, Esq.
Re: Consumer Rights after Foreclosure
At this point talk to the bank and try to work out a short sale.
For more information contact me or contact a local attorney.
Good luck!!!!!!
Answered on 12/31/01, 3:20 pm
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