bobingeorgia
Member
What is the name of your state? Georgia
QUESTION:
When you redeem a forcloused property do they automatically put the deed back into the previous recorded deed holders name or into the name of anybody they wish. Are there any specific laws on this or is it just up to the lawyer and fannie mae.
DETAILS:
My house was foreclosed on in 1999. My father paid the cash to redeem the house and I assumed the deed was now back in my name since it was a redemtion. I never moved out of the house and it was never put back on the general market for sale. Please remember that he did not buy it on the courthouse steps. It was taken back by the bank and bought back from them for the amount of the defaulted mortgage plus lawyer fees. I was for the past seven years paying my father back the money he paid to redeem the house plus intrest.
Fast foward to 2006. My father has since gotton a mortgage on the house. He and I hava a falling out and he decides to without notice to me let the house go into foreclosure. When I find out I then try to get a mortgage since I am the deed holder but imagine my surprise when I find out that the deed is in his name. He and I have the same name except I am JR. and the deed now reads SR. The bank takes it back and as you can guess I gotta get out.
So do I have a case for a dirty title or deed. I want to use this to stall from being evicted. It is possible for me to redeem the house but the attorny for Fannie Mae/Bank tells me that they can only put it back into my Fathers name since thats how it was before. Otherwise I have to move out and they will put it back on the market at market rates.
I NEVER signed any papers assigning deed of the house to my father. He dealt with the attorny directly without me quite possibly posing as me without my knowledge. If there are no laws concerning redemption and who the deed goes back to then I'm out of luck. If there are then I will take whatever steps are necessary to save my house.
QUESTION:
When you redeem a forcloused property do they automatically put the deed back into the previous recorded deed holders name or into the name of anybody they wish. Are there any specific laws on this or is it just up to the lawyer and fannie mae.
DETAILS:
My house was foreclosed on in 1999. My father paid the cash to redeem the house and I assumed the deed was now back in my name since it was a redemtion. I never moved out of the house and it was never put back on the general market for sale. Please remember that he did not buy it on the courthouse steps. It was taken back by the bank and bought back from them for the amount of the defaulted mortgage plus lawyer fees. I was for the past seven years paying my father back the money he paid to redeem the house plus intrest.
Fast foward to 2006. My father has since gotton a mortgage on the house. He and I hava a falling out and he decides to without notice to me let the house go into foreclosure. When I find out I then try to get a mortgage since I am the deed holder but imagine my surprise when I find out that the deed is in his name. He and I have the same name except I am JR. and the deed now reads SR. The bank takes it back and as you can guess I gotta get out.
So do I have a case for a dirty title or deed. I want to use this to stall from being evicted. It is possible for me to redeem the house but the attorny for Fannie Mae/Bank tells me that they can only put it back into my Fathers name since thats how it was before. Otherwise I have to move out and they will put it back on the market at market rates.
I NEVER signed any papers assigning deed of the house to my father. He dealt with the attorny directly without me quite possibly posing as me without my knowledge. If there are no laws concerning redemption and who the deed goes back to then I'm out of luck. If there are then I will take whatever steps are necessary to save my house.