Posted by John Merchant on July 21, 2010 at 17:54:11:
In WA, to redeem a prop after DOT Notice of Trustee’s Sale filed, the entire note must be paid, not just delinquent payments, interest, etc.
Unlike a WA RE Contract Forfeiture Action which CAN be brought current by paying up past-due payments, etc and thus stopping the forf. action in its tracks.
I’ve been involved in some REC Forfeitures where debtor, several times, let us get almost to forfeiture time and then, at last possible second, caught up his past due payments, etc…one guy did this to me repeatedly but we finally caught and tossed him.
wifws ex husband losing house unpaid property tax,house is paid for.
he owes her alot of unpaid child support.
both his parents are deceased,he has 3 brothers 2 sisters.
none of them have the money to pay taxes,but we do.
anyway to stop the foreclosure in month? will try and get a quick deed from the heirs
To me this is a TAX Question and NOT a foreclosure problem and unless I am totally misunderstanding you, all you have to do is go down to the local tax collector and pay the taxes.
Most states allow anyone with an interest in the property to pay the taxes.
If questioned, explain your situation and relationship, etc., and they will probably allow you to pay the taxes and stop the tax sale.
Posted by Rick Harmon on July 21, 2010 at 12:08:37:
There are no uniform foreclosure rules as laws are set by individual States. So, you can’t get a specific answer here or anywhere else to a generic question.
That being said, you can find a link to your State’s laws as well as a discussion board at this website: Foreclosureforum.com
Also, the laws for conveying (transfererring) property in forclosure are very tough in some States. You’d do well to become familiar with those laws, too.
BTW, the document that I think you mean is called a Quit Claim Deed. It may NOT be the best transfer device, again depending on the facts, circumstasnces and your States laws.
What’s state DOT Frclr law says? - Posted by John Merchant
Posted by John Merchant on July 21, 2010 at 08:47:33:
Each state has its own DOT Foreclosure law and statutes so one must read those stats to determine when a Frclr might be stayed, stalled, deferred, etc…
Here in WA State, delinquent debtor might bring that DOT secured note current up to 11 days before the auction; in other states one would need to find and read the state’s statutes to determine cut off date to bring current.
As a practical matter however, a phone call to the foreclosure trustee atty or co can often be effective in buying some add’l time, delay in auction date, etc.
That trustee WANTS bids normally and to protect all creditors would prefer to settle rather than have to auction off the property.
Rarely in the DOT Auctions I conduct does anybody show, listen to auction, etc. so normally I just read my auctioneer’s script to an empty room and leave w/o any bids other than that of the creditor who’s foreclosing on his/her/its DOT.