Q: I live in my boyfriend's house. I just found out he is in foreclosure. Am I involved?
The purchase was made before I knew him and he hid this from me. They have served him and keep asking if anyone over 18 lives with him. Do they have a right to involve me in these proceedings?
A:
You will not have any financial involvement in the foreclosure. However, as an occupant of the property you may be named as a tenant in the foreclosure case. There are a lot of options for people in foreclosure that can lead to a positive resolution - loan modification, sale of the property, deed in lieu of foreclosure, bankruptcy, cash for keys, and surplus money recovery after the foreclosure auction.
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