Sorry posted originally in wrong section...We were in foreclosure primary residence in Indiana - owed $118,000 plus fees, penalties totaling $135,000 - we had a short sale offer of $125,000 - the mortgage company refused and told realtor they wanted $155,000 as we had an appraisal on the home for $195,000 within past 6 months. So foreclosure in 9/2008 and sold house for $92,055 in 4/2009 and sued us for judgement balance of $27,000+. If mortgage co. had not turned down $125,000 on short sale they would have made more than the sale price plus what they are suing us for - wage garnishment. Can we ask for court to dismiss judgement as mort. co. refused to approve short sale? And in fact stated they would not approve sale for less than $153,000? Help this is killing us - we lost home, equity $75,000 and now are paying close to $30,000 for a home we do not live in!!?? Thanks
gilgirl61 5:21 AM
Ok sorry - primary residence. Home was not listed as short sale was listed for $179,000 for 12 months - no offers. $17,000 was in payments not made and legal fees for mortgage holder - based on what they said we owed them. This happened when market bottomed out. Not sure in Indiana what appeal time frame is? We received judgment after house sale... as part of original foreclosure per mortgage company. So you ask what I want folks to say? I just want information on if any one has been in my shoes, fought back, is it possible to fight back? What tactic to use to fight back on if there may be one? But based on your remarks it is probably a done deal and because we did not have or locate the correct legal resources we are stuck or need to look at a Bk to try and handle. I guess if that is the only possible recourse then I will look into that. Thanks.