what about all the improvements that you made when the original owner brings his moving truck into the driveway to take the home back?
I was pretty sure, from what I've been reading around the financial/econ blogs, that this never happens. Even if the foreclosure was illegitimate, the owner who was foreclosed upon can make a claim for loss and damages against the bank, but the foreclosure sale itself is considered final.
(And I'm hoping that none of this causes the entire home-sale industry in Massachusetts to seize up, at least not until I close....)
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Date: 2011-01-12 07:04 am (UTC)I was pretty sure, from what I've been reading around the financial/econ blogs, that this never happens. Even if the foreclosure was illegitimate, the owner who was foreclosed upon can make a claim for loss and damages against the bank, but the foreclosure sale itself is considered final.
(And I'm hoping that none of this causes the entire home-sale industry in Massachusetts to seize up, at least not until I close....)