Q: I bought a house from auction from HOA, the house has a lien from mortgage foreclosure, Can I pay off the bank?
The forecloses mortage is against the previous owner. The deed is on my name, because i purchased the house from HOA auction.
Now, the foreclose auction is dated to may 9Th. I'm trying to pay off the amount but bank doesn't accept.,
I don't know what to do to not lose the money I paid for the Hoa Lien.
A: Try to locate the previous owner that is named on the foreclosure and somehow persuade them into assigning you their right of redemption. Hope this helps.
1 user found this answer helpful
A: Or perhaps get the foreclosed owner to short sale you the property with the bank's approval. This would be a back door method of paying off the delinquent mortgage.
1 user found this answer helpful
A:
Unfortunately the bank is not obligated to work with you on a payoff. However, as the owner of the property you are legally entitled to redeem the property. You probably should hire a real estate attorney in that area to assist you in get the proper payoff.
Good luck,
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
