Foreclosure in Indianapolis>Question Details

lnne blane, Renter in Indianapolis, IN

bankruptcy was discharged in 2008 i did not include my second home

Asked by lnne blane, Indianapolis, IN Tue Jun 12, 2012

I went to apply for amother loan and theyinformed me that the foreclosurre just went through in 2011. Why so long?

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Suzanne MacDowell’s answer
The banks are just overwhelmed with all the foreclosure activity and, for reasons that escape most of us, they don't seem to be in any hurry to foreclose on these homes and get the bad assets off their books. I don't know if there is anything that can be done to help you. This is the second time I've heard this same story here on Trulia and it's a shame. I just don't know what can be done. You could try talking to an attorney. Otherwise you will have to wait another two years (three years from the date the home was foreclosed on) to buy another home. I am so sorry this happened to you, I really do wish there was something that could be done to help.
0 votes Thank Flag Link Tue Jun 12, 2012
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