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
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
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.
