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Home foreclosure and Charge Off?
Home was suppose to be foreclosed July 2011. Bank of Americas attorneys filed papers with the intent to foreclose but apparently have not. County records shows me as the property owner. I moved out a few days before the foreclosure sale. So house is vacant
Bank of America is saying the home is "Paid In Full". Returned my payment. Taxes have not been paid and the house is no longer insured.
City is hounding me for codes violations (Mowing)
Who is responsible for the upkeep of this property?
Can BOA still take the property if I fix the needed repairs (Vagrants have destroyed the property) and move back in?
Can I quick claim the property to someone else?
Where is the balance owed on the property? I'm sure BOA is not giving away houses.
The total charge off is $99,000 The house is valued at $20,000 on paper
Serious answers only
Thanks
2 Answers
- acermillLv 79 years agoFavorite Answer
You need to determine if BOA has released its lien on the property. That your payment was returned means nothing. If BOA still has an active mortgage lien on the property, no, you can't give it away or return, repair, and move in. That active lien gives BOA the right to foreclose any time it desires.
As long as YOU are the owner of record, you are responsible for the upkeep.
- kemperkLv 79 years ago
part of the problem is the consequence of AIG and CITI who
caused the implosion of bank loans.
then, the fed froze foreclosures.
IT is possible your bank jumped the gun [B of A likes to do that]
I suggest seriously moving back into the house..........
or renting it out
thus, there is no absolute answer to your query.