jhegler wrote:When our home was foreclosed on in 2006 it of course went up for auction.
I just checked the information with the Register of Deeds and found that it was auctioned and sold for $56,800. But the high bidder was our mortgage company, who then sold the property to somone for over $88K. Of course the 56K left us with a balance, but the 88K would have been more than what we owed.
Can they bid on an purchase a property they have already foreclosed on and taken?
Who would they bid against if they were the ones that were selling it. Looks like a paper thing to me. What's the SOL for your state? This looks pretty old.
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Hello jhegler and welcome to the forums. This link will list some of the common abbreviations and terms used here.
http://ficoforums.myfico.com/t5/User-Guidelines-Ge
First you will need to know the DOFD of your mortgage. This will tell you exactly how old it is and how long it can report.
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