Re: After foreclosure

Posted by NJD on January 30, 2009 at 14:51:59:

In Reply to: After foreclosure sale,can I still negotiate with bank for a posted by HG on January 28, 2009 at 22:56:13:

As Steele correctly points out, once the foreclosure has been completed, the mortgage lien(s) is/are extinguished.

That doesn't mean you can't still work something out with your former lender . IF . the former lender now owns your home.

If the home was sold to a third party, or transferred immediately after the sale to a new owner.. you may be out of luck.

As Steele asked, in what state is the property? There may be some redemptive rights.

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