Is there Any Way I can Keep my Home After I’ve Received a Foreclosure Letter?
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Summary
Is there any way to save a home once the mortgage company has sent a letter stating that the house has been foreclosed and sold and you have 10 days to vacate? |
“Is there any way to save a home once the mortgage company has sent a letter stating that the house has been foreclosed and sold and you have 10 days to vacate?”
It depends on what state you are in and what type of foreclosure was done. Some states have what is known as a “right of redemption,” where you can essentially undo the foreclosure if you pay the full amount owed within a specified time. If there is such a right, it should probably be noted in the notice you received, but it’s worth checking with an attorney (quickly!) to be sure.
If that is not applicable to your situation, or if the time period has already passed, then you’re left with negotiating with the buyer.
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For more on this subject check out these categories: Contract Law, Credit Law, Real Estate
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State laws vary, and the above is intended as general advice, and not direct legal advice regarding any one particular situation in any one state. For direct personal legal advice related to your own situation you should consult an attorney familiar with the laws of your state and with your situation.