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Re: Recovering from a Screw-up

Posted by Jk on June 18, 2003 at 10:31 PM

In Reply to: Re: Recovering from a Screw-up posted by Lughead on June 18, 2003 at 9:22 PM

: hello bill

: thank you for the reply

: yes the house went to the lender

: i spent most of the day trying to track down the REO department - one problem may be that the loan was FHA insured - thus the bank has no real loss -

: if you have any suggestions on how to proceed further we would be very happy to hear your thoughts

: thanks so much
: Lughead

:
: : : hello

: : : we didn't keep track of a house going to sale today - we happened to be at the courthouse at the time of sale and heard that it was going today -

: : : i asked the auctioneer if he could postpone for us to get money - i took off to the bank and called the trustee from my cell - they said it was up to the auctioneer -

: : : when we returned he had called the sale because someone else at the Publishing and Posting company had told him to cry the sale and not wait

: : : is there any way to recover from this mess?? - since the trustee was ok postponing and the auctioneer would have waited had he not been told to cry the sale??

: : : since there were witnesses there who heard the sale - and the property go 'back to the beneficiary' - -

: : : any suggestions other than to stay better organized??
: : : a area which we are constantly trying to refine and improve...

: : : thank you
: : : Lughead

: :
: : Hey Lug:

: : Unless I misunderstand your post...nobody bid. So why not go offer the bank the opening bid?
: : Talk to the same person who was going to postpone it for you and see whathappens.

: : Good Luck,

: : ========>bill

If the home was FHA insured it is now going to go through the HUD program and get sold through goldenfeather. For more info on their programs go to goldernfeather.com.


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