redemption period foreclosure
A Foreclosure Question?
My house foreclosed on Novemeber 30th of last year. There was a foreclosure sale but nobody showed up so the bank has my home. I have been given a 6 month redemption period to which if I can, payback the full amount of the mortgage. If I cannot then I would have to be out of the house by May 30th 2008. I was wondering could I still sell the property to payback the loan or do I not have the option of doing that because I do not own the home anymore?
i dont think you can but i would consider renting out your property take the rent , but i would get futher advise as i believe that you could just pay off the interest incurred ,check out CAB .
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