House buyback after foreclosure

[proxy]

What is the name of your state? Nevada

my house was lost due to foreclosure. the real estate lady said they wouldnt sell the house until they had it appraised but she will not have the appraisal done until we move out. i have someone to buy the house and lease it back to me- is there any way to get this done without our moving out?

 

[JETX]

If the house was "lost to foreclosure" as you claim, you are no longer the owner and would have no right to sell. Simply, at this time, you are living there until the real owner (likely the mortgage company) decides to take possession.

 

[proxy]

Foreclosure Buyback

I am not selling the house- I have someone that has the finances to purchase the house from the bank-

 

[JETX]

Then give him the name and contact information for the owner...... at the bank.

 

[HomeGuru]

JETX, it appears that the writer has arranged for a straw buyer to either buy the property before or at the foreclosure sale. And the writer has the plan to make the deal so he does not have to move out of the property.

 

[JETX]

"JETX, it appears that the writer has arranged for a straw buyer to either buy the property before or at the foreclosure sale."
*** If it was before or at the foreclosure, he could have simply contacted the mortgage company and advised them of the intent to sell and the buyer. I am sure that they would have allowed it to happen rather than foreclose on the property. However, since this is all AFTER the foreclosure ("my house was lost due to foreclosure") the former owner has no right to sell.

"And the writer has the plan to make the deal so he does not have to move out of the property."
*** I see that also. That is why I suggested that the writer send the 'potential buyer' to the bank. And naturally, the bank can consider the purchase offer and accept or decide to put the property on the market for a hopeful better offer.

As we all know, it is not uncommon for the soon-to-be former owner to find a 'buyer' (usually immediately before the impending foreclosure). However, on analysis, the purchase price is usually less than the note or some other 'unusual' circumstance arises. In this case, the 'former owner' has no right to sell due to the foreclosure already happening..... and needs to steer the 'buyer' to the current owner.... the lender.

 

[HomeGuru]

Hopefully proxy lady will respond and clarify.

 

[proxy]

foreclosure

thank you all for your replys. to explain better- i care for my grandmother with alzheimers in my home. i cant get out much so for the last 6 years my guy was getting my money every friday and running errands and paying bills. he decided to stop doing that and moved to mexico. i found out i was behind on both mortgages and made arraingements to modify the loan. the 1st mortgage wanted 2000 which i sent and the 2nd wanted 2100 which i took to the office. the first foreclosed 3 days later. i didnt know about the foreclosure until a real estate lady was posting a sign on my door to discuss a move out date. i then recieved an eviction followed by an unlawful detainer. my friend will pay the current market value which is nearly twice the original purchase price but moving my grandmother to new surroundings woul be more than difficult- she hasnt left this house in 8 years so i will pay the market value. problem is real estate lady and i had a problem and she now says she will not get an appraisal until we are out. sorry for the long post. i am a mess. lol- believe it or not someone stole my car this morning. amazing. thanks again any info would be greatly appreciated

 

[HomeGuru]

Re: foreclosure

thank you all for your replys. to explain better- i care for my grandmother with alzheimers in my home. i cant get out much so for the last 6 years my guy was getting my money every friday and running errands and paying bills. he decided to stop doing that and moved to mexico. i found out i was behind on both mortgages and made arraingements to modify the loan. the 1st mortgage wanted 2000 which i sent and the 2nd wanted 2100 which i took to the office. the first foreclosed 3 days later. i didnt know about the foreclosure until a real estate lady was posting a sign on my door to discuss a move out date. i then recieved an eviction followed by an unlawful detainer. my friend will pay the current market value which is nearly twice the original purchase price but moving my grandmother to new surroundings woul be more than difficult- she hasnt left this house in 8 years so i will pay the market value. problem is real estate lady and i had a problem and she now says she will not get an appraisal until we are out. sorry for the long post. i am a mess. lol- believe it or not someone stole my car this morning. amazing. thanks again any info would be greatly appreciated

**A: hire a real estate attorney to level the playing field.