we are in the process of closing on a house in Stillwater, New York. We just found out the the seller didn't disclose house was in foreclosure

Asked by Doreyt4, Stillwater, NY Wed Feb 1, 2012

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Gail Gladsto…, Agent, 11743, NY
Wed Feb 1, 2012
If the house is sold before foreclosure occurs and the morgage holder paid off, the foreclosure does not happen and should not affect you at all.

Please discuss this with your attorney.
0 votes
Crissy Sprin…, Agent, Amarillo, TX
Wed Feb 1, 2012
That is a rough spot for you to be in. Are you going to be able to close prior to the schedule sale date? If the sale date is scheduled prior to your closing date your Realtor should be able to work with the bank and show them a copy of your executed contract and hopefully get a postponement approved so that you guys will still be able to buy the home. Good Luck!!
0 votes
Anna M Brocco, Agent, Williston Park, NY
Wed Feb 1, 2012
Perhaps your question was cut--what is your agent and or attorney advising....
0 votes
Mack McCoy, Agent, Seattle, WA
Wed Feb 1, 2012
And . . . . ? Are you going to close on time?
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