Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > REAL ESTATE LAW > Mortgages, Refinancing & Foreclosure
Reload this Page Foreclosure within an agreement of sale

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 01-05-2006, 03:30 PM
Junior Member
  
Join Date: Jan 2006
Posts: 2

Foreclosure within an agreement of sale

What is the name of your state?What is the name of your state? Pennsylvania

Is it possible for a 2nd mortgage lender to foreclose when there is a signed agreement of sale on a property?
  #2  
Old 01-05-2006, 03:33 PM
Senior Member
  
Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
Q: Is it possible for a 2nd mortgage lender to foreclose when there is a signed agreement of sale on a property?

A: Yes.
__________________
There are two rules for success:

(1) Never tell everything you know.
  #3  
Old 01-05-2006, 03:39 PM
Junior Member
  
Join Date: Jan 2006
Posts: 2
What recourse would the buyer who signed the agreement of sale have if the house was foreclosed upon?
  #4  
Old 01-05-2006, 03:40 PM
Senior Member
  
Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
Q: What recourse would the buyer who signed the agreement of sale have if the house was foreclosed upon?

A: Buy the house at the foreclosure auction.
__________________
There are two rules for success:

(1) Never tell everything you know.
  #5  
Old 01-05-2006, 06:53 PM
Senior Member
  
Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by seniorjudge
Q: What recourse would the buyer who signed the agreement of sale have if the house was foreclosed upon?

A: Buy the house at the foreclosure auction.

**A: very good.
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 08:38 PM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.