If the home has been foreclosed and Deutsche is the holder, can the homeowner still sell the home or can they apply for mortgage and foreclosed amount

Asked by Amy, Livonia, MI Fri May 14, 2010

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Derek Bauer, Agent, South Lyon, MI
Fri May 14, 2010
Amy,

A little confused on the wording of your question ... but ... if a home has been foreclosed and in the redemption period, YES, the owner should be able to try and short sell the property. Also, yes, they could apply for a mortgage to purchase the home back, but without a co-signer, that would seem an effort in futility often times.

Hope that helps! If not, shoot me a message.

Thanks.
Web Reference:  http://DoorToDreams.com
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