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Foreclosure Defense and Loan Modification Blog

IL Couple Keeps Home AFTER It Was Sold In Foreclosure Auction

Posted by Maxwell Swinney

Saturday, April 21, 2018

In December of 2017 we were hired by homeowners in Williamson County, Illinois who needed help keeping their home. To protect their privacy, I'll call them the Taylors.

Unlike most of our clients who want to avoid foreclosure and/or get a loan modification, the Taylors had already lost their home in a foreclosure auction and didn't want a loan mod.

Wait a minute. If they'd already lost their home, why in the world did they hire a law firm to help them save it?

Because a foreclosure sale isn't necessarily the point of no return in foreclosure. There are ways for a homeowner to get their house back even after it has been sold. There's something called a right of redemption, which is: “the right of a debtor whose real property has been foreclosed upon and sold to reclaim that property if they are able to come up with the money to repay the amount of the debt.” 

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Topics: foreclosure auction

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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