My father in law is going under foreclosure and I have built a home on the property.

Submitted by amy kemph from SC - 12/29/2011 - 11:23am

I Would like to know my rights. My father in law is in pre foreclosure and we are currently trying to fix the problem, but i am concerned about my rights. I have a home built on his land there is no loan on the home I have paid cash for it to be built.

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Comments

Submitted by Michelle - 12/29/2011 - 1:04pm

Hi Amy,
The home is attached to the land and if the land is in foreclosure then the home would go with the land.

Submitted by shakia Andrews - 01/16/2012 - 1:27am

Please visit our website and call me at 866-607-0318 ext. 2032. Or E-mail me ASAP. We can definately stop your sale and lower your payments on a low fee. We have a group of mortgage underwriters and mitigators that will assist you and contact your lender, by represention, to get you a lower rate, and restructure your loan.
www.mymembership.org

Submitted by Moral hazard - 03/15/2012 - 2:58pm

Looks like u built the bank a house. On the bright side, your father in law's deficiency judgement (depending on your state) will be lower if your house adds value to the property....

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