If the foreclosure becomes a Bank REO, your bid is gone. You get no priority with the REO department.
David Cooper!! Las Vegas Foreclosure Investor in Bank Owned REOs with Cash Flow +1-7024997037
not a real estate agent... more
I'm sorry for your loss. You'll want to contact a probate attorney to discuss your options about the property. See if you can find the mortgage docs so you know what is owed on the home. Good luck.... more
It's an unfortunate situation, no doubt, and you have my sympathies. You will need to consult with a probate attorney on this one, an online forum will not do you much justice. Good luck.... more
This is a very interesting question and obviously involves fraud. I'm not sure if they would take your home, but they might come after you for the deficiency on the difference of what they get for the home and what you owe. I would think you would be better off doing a short sale and handling it properly. I know the banks are coming after people that deface the home and destroy it and they might just do the same with this type of situation. I would talk to an attorney before you do anything like this.
You should probably contact a mortgage broker in your local area to see if there are any loan programs you can qualify for. Just be aware that if it was a Chapter 7, then you are probably looking at 2 years+ after the discharge (not the filing) before being able to qualify for decent financing. FHA needs 2 years and they are one of the least strict on a BK. You can check their guidelines on the web.... more
RealtyTrac has the foreclosure market on it's website: www.realtytrac.com The information is not totally accurate all of the time. They get properties listed that go in and out of foreclosure. It's a start though. Hopefully a local agent can check the current status for you.... more