QUESTION

I purchased second mortgage foreclosure a year and a have ago.

Asked on May 20th, 2016 on Foreclosures - Florida
More details to this question:
I received a Certificate of Tittle for the county. First mortgage wants to foreclose. I have spend a lot on fixing with family and no place to go. I was never notified about the sale on the county auction. Which are my rights?
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1 ANSWER

Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
2 Awards
Not much practically unless you are contending there was equity in the property or that the sale wasnt commerically reasonable. You can try to challenge the result, but unless you would be able demonstrate that you would have paid off the first mortgageto retain possession, which you could have equally done by a re-fi, you likely made a poor choice of investing in repairing a property subject to a defaulted mortgage. The bigger issue is, if you were holding the second, what did you do to ensure payment on the first if anything as the second was subordinate to the first which was still owed.
Answered on Jun 01st, 2016 at 12:05 PM

All responses are NOT to be considered legal advice nor to be relied upon in any as such nor to establish any form of attorney/client relationship. Opinions expressed are solely informational and not a substitute for proper legal advice provided by a properly retained after thoroughly researching the issues presented.

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