Posted on: 24th Sep, 2013 02:08 am
I have a short sale contract over my home. Apart from the final approval from the bank, everything else has been done. Now I am informed by my realtor that the house will be auctioned off as foreclosure. Can they legally do this?
Well, did you check out if the lender cancelled your short sale contract? If that is the case, then he can easily foreclose the property.
Hi Guest,
The lender can foreclose the property if the short sale deal was cancelled. You can speak to the realtor or the lender and check out if such a thing has happened.
Thanks
The lender can foreclose the property if the short sale deal was cancelled. You can speak to the realtor or the lender and check out if such a thing has happened.
Thanks