Still owing after Trustees sale

Posted by Cheryl on October 20, 2006 at 12:51:01:

I purchased my brothers home to keep him from foreclosure, providing he make the payments. He made 2, and now it is going to Trustee's sale Nov.7. Since only 2 payments were made and the market is down, will I have to pay the rest of the loan if they don't get that much for the house?

Follow Ups:

• Need more info - Greg 06:41:41 10/21/06 (3)
  • Re: Need more info - Cheryl 12:33:49 10/23/06 (2)
    • Re: Need more info - Cheryl 18:07:29 10/23/06 (1)
      • Re: Need more info - BigMike 00:43:54 10/25/06 (0)

Name    : 
E-Mail  : 
Subject : 

Comments:
: I purchased my brothers home to keep him from foreclosure, providing he make the payments.  He made 2, and now it is going to Trustee's sale Nov.7.  Since only 2 payments were made and the market is down, will I have to pay the rest of the loan if they don't get that much for the house? 

Foreclosures Section

Foreclosure Help

Foreclosure Investing

Real Estate Articles

Our Site Resources

Discussion Archives