Foreclosed home
This is a discussion on Foreclosed home within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; I had a home that was foreclosed and auctioned off. I was told that in AZ I could not be ...
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#1 |
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Junior Member
Join Date: Dec 2008
Posts: 1
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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.
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#2 |
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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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#3 |
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Join Date: Mar 2008
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| Thread | Thread Starter | Forum | Replies | Last Post |
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Our lawyers can help you avoid foreclosure to salvage your home,
buy time to pay mortgage debts, and resolve your financial troubles. Consult Your Own Personal Lawyer Now!
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