Posted on: 14th May, 2010 05:07 am
I have a friend that is in dyer need of advice. Her home of 11 years was just sold at auction yesterday without notice to her.
Several months ago, she contacted a law firm that stated they would be able to take care of the impending forclosure by refinancing the mortgage. She proceeded to pay them in monthly installments. The bank placed the home in forclosure and the lawyer advised her that it was normal procedure and not to worry. She has recieved no correspondance from the mortage company trusting that the lawyer was handling the situation. Obviously, he did not.
She later found out that the law firm she had hired was being fined $10 million by the state of New Hampshire and is in the process of being disbarred.
Is there any way to challege the validity of the auction? What would be the best course of action for her?
Several months ago, she contacted a law firm that stated they would be able to take care of the impending forclosure by refinancing the mortgage. She proceeded to pay them in monthly installments. The bank placed the home in forclosure and the lawyer advised her that it was normal procedure and not to worry. She has recieved no correspondance from the mortage company trusting that the lawyer was handling the situation. Obviously, he did not.
She later found out that the law firm she had hired was being fined $10 million by the state of New Hampshire and is in the process of being disbarred.
Is there any way to challege the validity of the auction? What would be the best course of action for her?
The lender did not receive his payments and thus has the rights to foreclose the property. Your friend cannot take any legal actions in this regard. However, before foreclosing the property, the lender should have send a pre-foreclosure letter to your friend informing her about the impending action. As your friend did not receive the pre-foreclosure letter, she can take legal actions against him in this regard. She can contact an attorney and take his opinion in this matter.