QUESTION
can a home be gotten back after a mortgage scam.
Asked on May 05th, 2013 on Foreclosures - Pennsylvania
More details to this question:
My parents home was foreclosed on due to a mortgage scam back in 2011. A woman named Joann Seeley who presented her self as someone who could help people that were having troubles with their homes actually scammed 35 homeowners and banks.Bank of america foreclosed on the home and fanniemay was involved and she was evite out of their home. is it possible for them to get this home back which has already been resold since to me this all was illegal and no one wanted or cared to listen to what happen?
1 ANSWER
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The rules require that homeowners have notice before a sale. I assume your parents were served with the foreclosure complaint and the notice of seheriff's sale. They could have spoken to a lawyer at that time to protect their rights. Generally, with very limited exceptions, the time to attack a sale is no later than when the sheriff deeds it to the new owner. Again, assuming that occurred already, they likely have no remedy with their home. But they may be able to sue the person who they believe committed fraud.
Answered on May 06th, 2013 at 4:41 PM