Foreclosed home

marine1989 · Dec 1st, 2008, 05:38 PM

I had a home that was foreclosed and auctioned off. I was told that in AZ I could not be held responsible for any amount of the loan that was left. I had an 80/20 loan. A company is now calling me saying they took possession of the 2nd loan and are informing me that I need to pay it off. Am I or am I not resposible for the loan and if not where can I tell the company to reference so they leave me alone.

Thanks

Dec 2nd, 2008, 10:20 AM

If it (the second) was not paid off in the first forceclosure you can still be liable for it.

...but I would suggest you have a lawyer look at your actual documents and check the status before you make any final decisions.

olive · Dec 2nd, 2008, 10:22 AM

see also http://www.worldlawdirect.com/forum/...reclosure.html

Dec 1st, 2008, 05:38 PM	#1
marine1989 Junior Member Join Date: Dec 2008 Posts: 1	Foreclosed home I had a home that was foreclosed and auctioned off. I was told that in AZ I could not be held responsible for any amount of the loan that was left. I had an 80/20 loan. A company is now calling me saying they took possession of the 2nd loan and are informing me that I need to pay it off. Am I or am I not resposible for the loan and if not where can I tell the company to reference so they leave me alone. Thanks

Dec 2nd, 2008, 10:20 AM	#2
Unregistered Guest Posts: n/a	Re: Foreclosed home If it (the second) was not paid off in the first forceclosure you can still be liable for it. ...but I would suggest you have a lawyer look at your actual documents and check the status before you make any final decisions.
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Dec 2nd, 2008, 10:22 AM	#3
olive Veteran Member Join Date: Mar 2008 Posts: 465	Re: Foreclosed home see also http://www.worldlawdirect.com/forum/...reclosure.html
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Foreclosed home

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