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getting foreclosed home back

Posted by Mike Westbrook on June 11, 2002 at 9:21 PM

We live in Idaho, our house was foreclosed on March 27, 2002. Countrywide was our lender,they said they sold the house and bought it back, and that HUD was taking it over. They said there was nothing we could do to get it back. What does it mean that Countrywide sold it and bought it back? Does that mean that no one bid on the house? The house only needs some landscaping in the backyard, and some walls repainted,due to the fact we took down wallpaper . We put approx. $10,000 into it with new furnace, A/C. kitchen appliances and carpet. So why does HUD have it now? I thought they were only fixer-uppers,(HUD Homes) Anyhow, the signs in the window are HUD signs, but it currently is not listed yet. With attorneys fees and past due ,we would be owing $9000. We cannot get any information on what to do, even our attorney isn't much help. If we stand a chance to get it back, I would like to try, before it gets on the market, because once that happens, I'm sure it will be gone fast. Please, any advice?


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