Can I collect my down payment from the bank since they sold my home as a foreclosure with a profit?
Full Question:
In 2000, I defaulted on my home loan and went into foreclosure. The bank sold the house and obtained a big profit. (When I bought the house, I had made a downpayment of 40%).
Can I still go after the surplus funds and/or my down payment 7 years later?
09/18/2007 |
Category: Real Property ยป Foreclosure |
State: California |
#8850
Answer:
Based on the information provided, or nature of the matter, we are unable to assist over the Internet. It would probably be best that you consult a local attorney for assistance with this, who can review all the documents and facts involved. Please see:
http://definitions.uslegal.com/f/foreclosure/
http://lawdigest.uslegal.com/real-estate-laws/foreclosure/7358/