The owner of the home is going to let the foreclosure proceed but I would like to buy the home. Am I still liable to paying the owner or should I proceed with speaking with the bank that currently holds the mortgage on the home?
Your status in the home depends, among other things, on if you have a valid lease. It is best to consult an experienced foreclosure attorney to determine your rights and protect your interests versus the owner of the home and the mortgage lender.See question
I have a tenant occupied rental property in Orlando, FL. I am currently 100k upside down . I do not feel that I qualified for the original home loan ( at the time I was single , had been working for 1 . 5 yrs , $ 45k salary ). I was qualified beca...
Yes, you have various options. However, because the options can be detailed and complicated I suggest scheduling an appointment with an experienced attorney who handles these matters to discuss your situation further to obtain the best advice possible.See question
I just purchased an occupied foreclosed home . I have been trying to figure out how to get the tenant out of the home . The bank who I purchased the home from has had an ongoing case trying to get the tenant out of the house , had given the ten...
Yes, you can make an appearance into the case as an interested party. However, because the tenant has an attorney, I always suggest retaining an attorney yourself when the other side has representation. Then your counsel can contact the tenant's attorney to discuss next steps going forward and to resolve the matter.See question
The foreclosure was in 2010 and I got the summons today.
You should retain an aggressive foreclosure defense attorney who may be able to get the lawsuit dismissed. There may be defects in the complaint and supporting documents which would allow grounds for the case to be dismissed. That would at a minimum greatly increase your negotiating position before having to contemplate bankruptcy.See question