Is there any way to get your house back after it has been sold in a foreclosure auction?
Question:
Answer:
NOPE
Other then buying it from the buyer...No.
Yes...you may purchase it from the auction winner. A little late in the game to be thinking that though.
Not unless you are the one who bought it at the auction.
In some states, the owner before a foreclosure has up to one year (after the floreclosure) to make good on all back money owed, interest and fees. If all the money is paid, the current owner has to vacate and will only receive their purchase monies back.
Many states have a reinstatement clause that gives the home owner 15-30 days to pay up all fees, liens and back mortgage monies even after the home is sold at auction. I'd suggest contacting a real estate attorney who's familiar with the rules in your state. Most will answer this question without a fee. If option does exist in your state, the attorney can help you with the reinstatement for a fee.
In most states yes... but, you would have pay fees, etc to get it back and it might cost more than its worth. In my state you would have to pay 20% above what the buyer paid for it as well as other fees and you only have so many days. I suggest calling a real estate attorney in your state asap to find out exactly what the law is in your state.
Yes. Check out your state law regarding foreclosures. Typically you have a redemption period following the sale where you need to pay back the original loan and all fees from the foreclosure in full. You then get your home back and the auction winner gets their money back with interest.
Check your state laws for redemption rights and a redemption period after the sheriff sale. Some states have them and others do not. My particular state has about a two week redemption period, during which you can pay the full amount due and the sale is negated.
More Related Questions & Answers...