Originally posted by @Wayne Brooks:
@Lachionte Culpepper No, foreclosure is How you may get title in your name, assuming no one bids more than you are owed at the auction. To be clear, you can't just "get the title back in your name" because they are in default. The alternative as mentioned above, would be a Deed In Lieu, if the borrower is willing. But, a DIL is not the answer if there are other liens/judgments against the house,maps they would stay. Foreclosure is the only way to wipe out junior liens.
Ok great. I have an attorney handling the foreclosure case. I just wanted to make sure I was headed in the right direction.
So it appears that this matter cannot move forward until we know what happens on the courthouse steps right?
Projected outcomes would be that someone buys the property at the courthouse and I get the amount owed.
No one buys and the title is transferred to me.
Am I on the right track?
