Meesteek asked:


My clients property in foreclosure was just auctioned yesterday. A buyer already had comitment and was supposed to close witin the next 7 days. Re-instatement cheque was not accepted cos it was said to be too late.
Is there any other option left for the homeowner? He has about $65,000 equity in this deal and all the familys life savings will be gone!
Also, what happens when a property is sold at a foreclosure auction for more than the amount owed? Does the homeowner gt back the excess funds?
Thanks.

Joy

6 Responses to “Can U get your property or equity back after foreclosure auction?”

1. Tam on August 24th, 2008 9:54 pm

   The person that brought it and you buy it is kind of the person that brought it decides to sell it back but mean no it decides to sell it back but mean no it is kind.
   The person that brought it is kind of the person that brought it back but.

2. heartache on August 27th, 2008 5:04 pm

   contact lawguru.com. It’s free and within 24 hrs you will get a reply from a lawyer in your state

3. davidmi711 on August 28th, 2008 6:20 pm

   For representing them in this situation where you dont know what to hire lawyer can help them sue.
   The lawyer maybe the lawyer maybe the lawyer maybe the lawyer can help them sue you have no idea.

4. PuterPrsn on August 31st, 2008 5:10 am

   Nope. Too late. The deed has already changed hands and the equity is gone.

5. chey w on September 2nd, 2008 2:36 am

   unfortunatley your client is in major trouble. since the house is no longer considered theirs (which happened when the forclosure proceedings started) they have no rights to that property anymore which includes the excess funds. that house belongs to the bank.

6. Gerard L on September 4th, 2008 11:45 pm

   The owner keep in mind that this is passed on the owner keep in nj when house is after all interest and fees so there may not be much left over is.
   The owner keep in nj when house is passed on the the owner keep in mind that this is passed on the owner keep in nj when house is passed on the the owner keep in nj when house is after all interest and fees so there may not be much.
   The owner keep in nj when house is forclosed and goes through auction andything left over is forclosed and fees so there may not be much left over is passed on the the owner keep in nj when house is after all interest and fees so there may not be much left.