Posted by Frank on June 27, 2001 at 22:12:41:
The reason I was under the impression that the new mortgage holder would have to start over with their own suit was because I was considering buying a mortgage once that was in foreclosure from the lender. I called an attorney about handling it for me and said since I would be buying the mortgage then I would have to start the foreclosure process over again and that I couldn’t just pick up where the lender left off. He said it would take at least 12 months before I would get the property back. I don’t know how good of an attorney he was or his experience was with foreclosures but I’ll check with another attorney to be sure.
It’s got me curious now.