Foreclosure

questions & answers

Question: I filed Chapter13 approx 2years ago. We chose to surrender our home and the Trustee sent a letter to the mortgage company, lifting the stay so they could proceed with foreclosure. The mortgage company sold the mortgage to another company, that company sold it to another. The new mortgage company says we are still the owners. Where do we stand legally and how long can this go on?

Answer: There are currently several resources available for people dealing with foreclosure.  You can find information here: http://www.azlawhelp.org/foreclosurehelp.cfm.  You may also qualify for a free assistance as well http://www.azlawhelp.org/accesstojustice/

QUESTIONS

  • I filed Chapter13 approx 2years ago. We chose to surrender our home and the Trustee sent a letter to the mortgage company, lifting the stay so they could proceed with foreclosure. The mortgage company sold the mortgage to another company, that company sold it to another. The new mortgage company says we are still the owners. Where do we stand legally and how long can this go on?

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