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no rights after foreclosure? non-judicial proceedings and I want to fight for my home, home was not sold at auction, what is optio

by faveljackie786 from Havre, Montana. Feb 4th 2015 Reply


Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#78 ranked lender in Florida - 2,240 contributions

You really need to speak with a real estate attorney to see if you have any options.

Feb 4th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

If you were behind on the loan, and did not have the funds to bring the loan current, then the lender had every right to foreclose.. From the lenders standpoint.. they said they would lend you money to purchase a home based on a contractual agreement.. if you honor the agreement and pay the loan, then everything is good.. but if you breach the agreement, then because your loan was secured by the real estate, the lender has every right to liquidate the property to recapture some of funds they lent you.. If the lender had decided to change the terms of your loan by saying raising the interest rate, or adding fees you never agreed to, you would have every right to sue them.. but if you breached your contract, then the lender can foreclose. Since the home did not sell at sale, then the lender now owns it.. they will evict you or make you move.. you can call an attorney, but if you didn't have the funds to bring the loan current, you most likely don't have the funds for an attorney.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 4th 2015
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

You may hire an attorney to contest the sale, which will stall eviction for up to several months, but may be more expensive than moving.

Feb 4th 2015
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Jericho Cherry (Jerichocherry)
#56 ranked lender in Virginia - 1,107 contributions

As Team Best Mortgage Stated you need to consult with a real estate attorney

Feb 4th 2015
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