Asked by Stcloud, Saint Cloud, MN • Fri Jun 25, 2010
My 1st and only mortgage was for $117,000, and the bank purchased it at the sheriff sale for $$83,700, and assigned it to another mortage company.
An investor is talking about maybe performing a loan modification, short sale, saving my credit, and getting me out of this mess.
I have been researching a lot online, and also reading about these service companies that come and change your locks after a sheriff sale, and do something like a foreclosure trash out? When does that happen?
I just want to know what are my rights, and options at this stage in the game: After the sherrif sale? I also have a friend who just had her house go into a foreclosure sheriff sale also, but she owes a lot more than the house is worth.
What are her options? Thanks
Any help will be greatly appreciated. Thanks
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