Homestead, FL asked in Real Estate Law for Florida

Q: House foreclosed on by Bank & sold to Fannie Mae. Over a year later an error in the legal description was found

Fannie Mae can't sell the house and Wells Fargo Bank says the foreclosed mortgage is active again in foreclosure with no sale date and Mortgagor owes for the mortgage debt at time of foreclosure plus all past missed payments and late fees since foreclosure. Fannie Mae, is listed as Title holder. There are no new cases listed in the court docket

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1 Lawyer Answer
Seril L Grossfeld
Seril L Grossfeld
  • Fort Lauderdale, FL

A: Unfortunately mistakes in the foreclosure process happen all the time. At some point there will need to be a reforeclosure action unless they can set aside the foreclosure judgment to amend the complaint, which is unlikely if more than one year. Meanwhile all this does not help the borrower's credit

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