Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 16 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Sammy Pugh
0
Votes |
2
Posts

Help bought a foreclosure

Sammy Pugh
Posted

I recently bought a foreclosure at auction. Paid the deposit required and signed contract with trustee that gave me 30 days to complete payment. It has been 28 days and I went to closing yesterday. My loan officer advised me that the house had been sold back to the bank 4 days ago. She was told that the secondary lein holder held an auction a week prior to the auction where I got the house. I have watched all legals ads and court postings since OCT 08 and i am sure if there was an auction it was not advertised. The funny thing is that the auction held prior to my auction was done by the same trustee company. Anyway a deed has been issued back to Chase bank. Trustee has 14000 of my deposit money and I dont have a house. They are claiming to be working it out but how do you work out that you gave a deed to someone else?? Should I give them time or hire a lawyer? My 30 days is up tomorrow and I'm afraid I will lose my money because of that contract I signed giving 30 days. ANY thoughts??

Loading replies...