Foreclosure in Southfield>Question Details

jamesmack42, Home Buyer in Southfield, MI

i spoke with ocwen short sales on selling my property and it was foreclosed, but the adjustable rate loan they are still billing me

Asked by jamesmack42, Southfield, MI Wed Aug 7, 2013

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Just because they foreclosed doesn't mean that you don't owe them the money.
0 votes Thank Flag Link Wed Aug 7, 2013
What is your question? You have not asked a question here.
0 votes Thank Flag Link Wed Aug 7, 2013
Depending on when your home was foreclosed on you may still be within the redemption period. The lender is a bill collector and will try and get any money from you that they can. If there is enough time left in your redemption period you may be able to short sale the home if you're underwater on the mortgage. If this is your primary residence you may be able to waive your deficiency.

If you would like more information please feel free to email or call me. I would be happy to assist you.

Good Luck,

Karen Paytas, GRI, CMS
Real Living Kee Realty
0 votes Thank Flag Link Wed Aug 7, 2013
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