I got a letter in the mail saying that my house has been auctioned???

There was a letter in the mail saying my house had been auctioned in a courthouse and that i still have time to pay off the mortgage if i call now. Is this real or is this trying to get the senders of the letter buisness. how far is my home from foreclosure if it has been auctioned???

This sounds like a big scam. If your house had been auctioned, there would have been official notices to you by certified mail and a notice of sheriff's auction posted on your door. You would not be hearing about it by mail from some outside "company".

Just to be on the safe side, call your mortgage company to make sure you are in good standing with them. If you have an escrow account with them to pay the taxes, they can also verify that the taxes have been paid. If there is no escrow for taxes, a call to the county tax assessor's office will get that answer for you. If everything okay with your mortgage and taxes, you can also check with the county recorder's office to find out if there are any other liens attached to your home, but that really isn't necessary to know that your house has not been auctioned off. The mortgage company will have the first lien and will have to know if your house has been sold, since they would get paid first from any auction proceeds. If you decide to call the number in the letter, and I would argue against it if everything is okay, you will be prepared to ask them exactly why your house was auctioned and be able to shoot down any explanation they may have. They are probably just trying to get mortgage numbers and/or bank account numbers so the amount due to save your house can be taken directly from your bank account.

If it's been auctioned you no longer own it. Call your mortgage company and find out what's going on. Also, the county tax assessor to verify the taxes have been paid.

Go immediately to your lawyer........

Your house would not have been auctioned without several previous notices. I find it hard to believe you missed ALL of them, plus the warning phone calls from your mortgage lender advising you of delinquencies, etc.

Check with the county land records office to see if there is anything 'attached' to the title to your property.

I would call your mortgage company and ask them if they know anything about the letter. If not, then it is probably just junk mail. But DO call them, and maybe even the courthouse. Don't call any numbers on the letter, it may be a scam.

This might sound really stupid. But I think I lost 50 IQ points reading this.

How about this novel ideal, call the courthouse and see if it has been sold? or better yet call your mortgage company and ask the person that make 6 bucks a month if you are in foreclouser.

Are you late on your payments? If so, how late? A lender usually will give you a "Notice of Default" when you are between 60-90 days late on your mortgage, although they can sooner. This notice will usually be posted on your door and will be sent to you. It will let you know that you are currently in default and it will usually request the back payments but can request a total payoff of the loan. At this point it is still possible to call your lender and work something out. Call the "Loss Mitigation" department and ask them for there help. Tell them what you can do and often times they are willing to help you get out of default by giving you some other type of payment plan or giving you a little extra time. If you do not pay this off you will be send a Notice of Sale in the mail and on your door. This will give you a date when your home is due to be auctioned off. The Notice of Sale usually comes about 30-60 days after the Notice of Default. It is best to secure a loan as soon as possible to insure you will get the lowest payments. Lenders look at your credit and your payment history. If you have a 30 day late it will be harder to secure a loan, if you have a 60 or 90 day it is sometimes impossible. Your credit score will also go down with each missed payment so if you are late and know you will not be able to pay within 30 days find a lender right away and secure a loan. Let them know you need the loan complete quick, be honest and tell them you did not make your payment, they can usually put a rush on the process. If you have a lot of Equity in your home credit score or days late are not important, you can still secure a loan but this loan will usually be a high interest loan. If you can figure out how to make this higher payment for a few months take the high interest loan, you will have time to get your credit score back up a little bit and you may be able to find a better loan with a lower payment in a few months. You will have the choice to take the loan, sell your home (usually far below market value for a quick sale) or just loose your home. There is a process that must be carried out before your home is auctioned. If your home is auctioned, the foreclosure is already complete and the buyer of your home would have to evict you unless you choose to move out yourself. The entire Foreclosure process takes an average of 6 months but can take less. If you have any more questions or would like to more information on your options email me or give me a call.

If you have been making your payments then this is definitely a scam. Regardless, you need to contact your lender immediately to find out what is going on with your loan. If it is fraud they will most likely want to know about it any way. Before they can auction off your home they need to file a notice of default. Depending on what state you live in there is a timeframe that you can pay back what is owed and get the property back. Call your lender and then an attorney if necessary.

Good luck.

Sounds like a scam to me. If you call and they ask your personal information then its more than likely a scam.

if your house has been auctgioned then it has been forclosed. if your house has been auctioned then you cannot pay the remaining bill off. this letter sounds fishy. call your lender in the morning and find out exactly what has happened.

You would have heard from your lender if you were behind in the payments so you would have known about the auction. Your state may allow you some time to redeem the home if you can come up with the money but I wouldn't just send thousands to people I didn't know anything about.
If your house is auctioned it isn't yours so you should start packing you will be out soon.

Yes it is true. If you have the mortgage debt pending the financial authority may abduct you from your property and confiscate your belongings. To suffice their mortgage requirements they may auction your belongings including your house. So it is quite likely possible.

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