Supporting, Informing & Connecting People in Foreclosure
I can see that you're in a hard time. Sheriff sales are very alike to normal foreclosure auctions and the only difference is that certain states all over the country needs that a sheriff supervise over the transaction. But the facts are still in place. That is, the sales happen when a property holder failed to pay on a mortgage or has difficulty paying another house-related expense. The mortgage lender will finish the homeowner's privileges to the house on which they’re making payments.
The insurer, if any does.
or is it the title insurance? pool insurance,"special hazard"? Take your pick of one or all
If the home went back to the trust at the sheriff's sale and has not yet been sold to a new buyer then the trust will keep the loan on the books as REO (bank owned).
I think that the third party who got the house at the auction owns the house. The house remained within the investor reports due to a lag in filing paperwork.
You need to follow up and see whatthey were doing..did they "liquidate"? What bank was it? I saw mine go throught liquidation after the sale and it did not become inactive in the trust until months after the resale. It may still be active because it bepends on what contracts are invoolved how long it is until another action is taken
The longer any bank keeps the property off their books they do not have to pay some tax. they dont car no one is living in it and no one is watching them. seems they can do what they want. you and me is another story...