After foreclosure, does the bank come after you for the money even though they have the house?
Question:
Answer:
if there is a negative balance yes and if there is a positive balance they owe you the money. but what most likely happens is the mortgagee is paying PMI insurance which pays of the negative balance on the mortgage then the PMI company comes after the mortgagee for the difference.
I would say no.
no, they got their money by taking the house.
IF it is like a car repo, they will sell the house & have you pay the difference in what you owed & what they sold it for. Although I am not really sure how house foreclosures work. I would call the bank or mortgage company & ask them what will happen.
Good Luck =)
if you want the house back---get a re-finance and get it back--you should have a redemption period to try and get it back...its like that in most states..check your state laws on foreclosure.
if not let it go.
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