So after 3 surgeries for me and an open heart surgery for my 10 month old, our bank (nationstar) decided to return our mortgage payment and foreclose on us. I obviously missed a cutoff with them while being in the hospital so much.
The house was included in our ch 7 in 2008. We chose to stay and pay. It was our home. We loved it. We are upside down (owe $260,000, neighbors house just sold for $125,000)
We attempted 3 modifications, one through a county mediator. Each time, nationstar increased our payment ($150,$400 and $800) even though we showed a negative monthly cash flow.
We should be getting a sheriffs sale date in about 3 weeks and our sale should be at the end of January.
What is the process after that? Do they have to go through the eviction process to remove us? I have tried to do a little research and it sounds like the eviction process could be costly and lengthy, so you bet I will make nationstar do it.
Any timelines? How long after the sheriffs sale do I have?
Thanks!
The house was included in our ch 7 in 2008. We chose to stay and pay. It was our home. We loved it. We are upside down (owe $260,000, neighbors house just sold for $125,000)
We attempted 3 modifications, one through a county mediator. Each time, nationstar increased our payment ($150,$400 and $800) even though we showed a negative monthly cash flow.
We should be getting a sheriffs sale date in about 3 weeks and our sale should be at the end of January.
What is the process after that? Do they have to go through the eviction process to remove us? I have tried to do a little research and it sounds like the eviction process could be costly and lengthy, so you bet I will make nationstar do it.
Any timelines? How long after the sheriffs sale do I have?
Thanks!
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