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My mortgage company foreclosed on my house and bought the house at the foreclosure sale.They then subsequently reinstated the loan. They charged exorbitant legal fees and repayment to catch the loan up (to the tune of $20,000) The sheriff came to my house and said that I had to vacate within the week previous to the reinstatement. I had a home equity loan by the same company and after they reinstated the loan the home equity branch is taking me to court for their money. My question is did the mortgage company assume that loan when they purchased the house at the foreclosure sale? and shouldnt that have been added into the amount I was charged to bring the house current? This is in the state of Georgia
Are you saying that they cannot come after the house? What does wipes out the lien of any junior lenders mean? Is this type of loan eligible for filing bankruptcy on?