Hello XXXXXXX,
When the lender buys the property back, they will not move to evict until a new buyer comes along. I have seen people stay in the house for 10 months. You can try to work out something with the lender in terms of a lease, if you wish to stay there.
It is too late to work out a modification and retain ownership as ownership as already transfered to the bank. You can still redem the property though however you mentioned that is not your plan.
Please let me know if you have any other questions, or require clarification of this matter. Otherwise please hit "ACCEPT", so I may receive credit for my response. Thank you.
It fraud was somehow involved the foreclosure sale can be overturned or delayed. Right now things are very chaotic with foreclosure firms and they do not know which way to turn. The best advice I can give you is to keep calling and try to get though to the lenders attorney. I know it might be frusterating but keep trying as they are the people you need to contact to work something out. As for now I would keep living there until you receive some notice of eviction. This could be months from now.
You can try to contact your lender or mortgage servicer. Speak with someone in the loss mitigation department for mortgage modification options and other alternatives to foreclosure.
If you think you have been scammed you can call and Report suspicious activity to relevant federal agencies, such as the Federal Trade Commission, and to your state and local consumer protection agencies. Reporting con artists and suspicious schemes helps prevent others from becoming victims. If your complaint or question involves a national bank and you cannot resolve it directly with the bank, contact the OCC's Customer Assistance Group by calling (XXX) XXX-XXXX.
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Attorney
Extensive Experience in Real Estate, Contract, and Business Law