The best advice I can offer is general. If you love the home and you "really want" it and you plan to keep it for at least five years, then bid more based on the value it offer to you and your family rather than what the current market may reflect.
This has to be one of the biggest issues I come across when dealing with victims of foreclosure. So many ex spouses would rather have their children out on the street than to work with with their ex through these trying times. Because you are going through the divorce you do have the ability to work on this matter through the mediation of the divorce, but it will make things much more difficult because there is no way to remove any party from the existing mortgage or any modification of said mortgage unless someone can refinance the mortgage individually which I am sure is not possible if you are asking this question. Remind your ex this will affect their credit score and eliminate them from the mortgage market for 5 to 7 years equally for both parties. Good luck Bob... more
Yea, the lenders have made many many errors in their spend to close all those loans. Get a good lawyer and don't give up. I have heard of them losing mortgage payments, and now put the wrong legal on documents, and on and on. In many cases it will take them months to figure out their error, if you just bring it to their attention. But get someone to work for you. So good luck.... more