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Charged off home Mortagage?
The bank has charged off my home loan. I keep getting tickets for codes violations on the property the bank tells me has been sold. County records shows me as the property owner.
It appears the property is still mine?
If I sell the house can the bank come back and take the house from the new owner?
What happens to my $90,000 home loan? I have not been contacted by a collection agency. My last payment on the house was Jan 2010.
I want to get this property out of my name. I can sell it??
I have received a 1099A shows value at $20,000
County records only show "The intent to foreclose" I received letter from the banks attorney stating the foreclosure sale was cancelled and they did not sell the property.
The bank says they bought the property
3 Answers
- Casey YLv 79 years agoFavorite Answer
They may have charged off the home loan on their books, that doesn't mean the debt is invalidated; you still owe the money.
You can sell it, but there will be a lien against it.
The title search will pick up on this issue.
- realtor.sailorLv 79 years ago
Check with the Clerk of the Courts in your county, that's where foreclosure actions are filed. You can determine the status of the foreclosure action. The bank may have charged off the loan, but I don't see them permitting you to keep the home. At the very least your bank will send you a 1099.
realtor.sailor
Source(s): I'm a Realtor - 9 years ago
NO, its not yours, sometimes the records take awhile to update. I had to call the county and see who was the owner of my home because I had what I thought were squatters. They told me that the home was sold and I was never notified.
