Posted on: 03rd Jan, 2011 05:13 pm
Bank said they were working with me. put my house up for auction , bank bought it , gave me 15 day to leave. is this legal?
question is for my daughter
question is for my daughter
Hi hoppy!
Welcome to forums!
If the bank was working with your daughter regarding a loan modification, then they cannot foreclose the property in the middle of the negotiation. However, if they had rejected the offer of loan modification, then the lender can always foreclose the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If the bank was working with your daughter regarding a loan modification, then they cannot foreclose the property in the middle of the negotiation. However, if they had rejected the offer of loan modification, then the lender can always foreclose the property.
Feel free to ask if you've further queries.
Sussane