Landlord
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If the house sold after it was foreclosed it was not owned by you and you are not due any more then I am.
Were you at closing? If you were then it was still your house and the check should have been written then. |
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bibliophile31
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If your house has been reposessed by the bank who financed it, you won't be getting any money. It was reposessed because you OWE money for it that you can't pay. |
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Fonz
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I suggest that you don't write any checks, expecting to cover them with that money... |
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Diane B
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What money? With reposession, you get nothing. In fact, when they sell the house, if they do not get everything back, they will sue you for the rest. |
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CLIENT 9
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They are repossessing your house because you OWE them money and neglected to pay it. Why would they give you money??? It sounds like you are not clear on what repossession is. Since you are in that situation, you should get familiar with its meaning, description and implications. |
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Cotton
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You must have a misunderstanding. If your house is repossessed, you will not get any money. You will still end up owing. The process is repo, bank sale, then they subtract the amount they get for the sale from what you owe and this is the amount that you are now responsible for. If they sale the house for more than what you owe, then you may get some back, but I would bet that it will go toward legal fees piled up during the repossession. |
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♥HEARTS 808♥ SNOWBUNNY ILF♥
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Helllllo. If your house has been repossessed you have no money coming...you didn't live up to your end of the contract....the house belongs wholly to the bank. |
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Turbo Baby
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Money from what?? Your mortgage went into default. |
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Your #1 fan
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Lol...nobody pays you when your home is reposessed/foreclosed and you will NOT be able to purchase another property for 10 years (at a normal interest rate). |
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pearl_hoff
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you get nothing they wil forclose |
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!!!
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What did your house sell for?
Why weren't you at settlement?
Why was it repossessed? How much back money did you owe? |
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L C
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this should be interesting |
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Yinzer from Sixburgh
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If there is a profit greater than the loan you owed for the house plus processing fees, you will be refunded the balance of the profit. If the house is sold for the amount owed or less, you will recieve nothing. |
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