If you are interested in learning more http://ForeclosureIQ.com
What they know is the bank(s) will investigate the law suit and a court date will be issued 4 to 6 months from the date of filing. The banks will hire an attorney who will contact you to deal with the case. By filing this law suit, you are banking that the banks, who are cluttered, inefficient, and slammed with these types of situations, will take the time to protect their butts should a legitimate case be presented, thus, keeping you in your home a little while longer.
We had a case where we did this and it worked... We were served with a trustee sale date, and when it was served it gave no time to work with the bank, as they are not expeditious with these matters, it bought us time, we put together the cash and saved the house.
The downside to this is once your case is in litigation, you, the homeowner, cannot do any business with your lender. Everything has to go through the lawyers. Much of this is the same with a reversal, if it's sold to a third party it is much tougher. Your rights as a tenant will legally buy you 90 days. However the homeowner can be asked to leave much sooner. Just say you have tenants at the house, you can justify staying 90 days. Should you have a legitimate case to stay, sue the bank for a multitude of things, just hire a trustworthy attorney. Good Luck.
We also offer money back guarantee for non-attorney led sale reversals. This is accomplished because the banks make errors and/or violate laws in the foreclosure process. In the last few months, my lead processor has had 18 files and 17 of them were reversed successfully. The one that was not reversed failed because the homeowner lied and actually committed fraud on the bank. As long as you are honest with us, there is a high probability that we can get your house back too. Also, you do not have to have possession.
This will include getting the homeowner's name back on title, back in the home for REO properties (if they were evicted or vacated on their own), and full loan modification service. If the home is already occupied by someone else, a settlement can be negotiated.
If the property has not been sold yet, we offer a sale delay service as well if you have a sale date. We offer 100% guarantee for Sale Reversals and Sale Delays. If we are unable to get your sale reversed or delay the sale of your property, you will receive a refund.
If you are interested in learning more, see the links below:
Dwight Maxwell, President
Ph: 813-445-5004 Fax: 877-702-7286
I have an audio with REO Liaison and I discussing one of my clients, and he confirms that the sale is being rescinded.reversed!
Sale Rescission/Reversal is definitely possible and our company offers an attorney and non-attorney solution.
To listen to this call that proves our strategy for sale reversal works, go to StrongFamilyFund.com and click Sale Reversals.
It is almost as though the sale did not happen. So you still need to work out a new payment arrangement, but you can worry about that after the reversal!
You MAY have another option:
Citi is part of a FREE Government Independent Review of foreclosures which has been extended out to 7/2012; however, I do not know if they extended the period for WHEN the foreclosure took place (since yours sounds recent) so this should be your first question when to contact a representative. In any case, you can read about his program here:
"Bank Foreclosed? FREE Gov Independent Review Deadline Extended to 7/31/12"