Foreclosed on again after sale rescinded by bank

My house originally was foreclosed on last year (Oct 2010). Since, I had tenants at my home and the proper lease agreement, the bank was unable to evict me or my tenants till the the lease term was over, which was the following August 2011. When August came around, I instead received a new Notice of Trustee Sale. I was in shock because I thought my house had sold. Anyway, I went through my past correspondence from the bank and realized that I had overlooked an important document. Apparently the bank had rescinded the sale. The house was back in my name. Unfortunately, they have proceeded to foreclose again.... The question I have is, does the entire foreclosure process start over, meaning, do I need to receive a new Notice of Default? The bank has not recorded a new one, and I'm wondering if they have to since the original sale did take place and was sold back to the bank, then returned to me months later. I would think they would have to. I would like to stop the foreclosure process or delay it, would this be a valid reason? Thoughts?

Posted by Monica
from CA




3 Answers

0
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

Answered by shakia Andrews


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The goal is to lower the new mortgage amount to approximately $3000 below the house's current market value. The homeowners will have instant equity and a payment they can afford. We will help them start to rebuild their financial health. Banks call these homes toxic assets. We call them homeowners.

Answered by Bill


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The goal is to lower the new mortgage amount to approximately $3000 below the house's current market value. The homeowners will have instant equity and a payment they can afford. We will help them start to rebuild their financial health. Banks call these homes toxic assets. We call them homeowners. Check this out for more info! http://www.indiegogo.com/Save-One-Homeowner-at-a-Time-Help-to-Break-the-Foreclousure-Cycle

Answered by Bill


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