Posted on: 15th Jun, 2009 04:40 pm
I am living in a house that has gone through a foreclosure and the sale was suppose to happen on 06-09-09. I don't think the house sold at the sale and I believe the house has been returned to the bank. I have bad credit so I am unable to buy the house but is there a way I can rent it from the bank? Where should I go to check the status of the house ?
Ben Apuan
Welcoem to the forum
Probably you need to call the bank who onws this property now.
I am not sure if they would be lookign at the option of rentign it out, but you can try
Good luck and feel free to ask
Welcoem to the forum
Probably you need to call the bank who onws this property now.
I am not sure if they would be lookign at the option of rentign it out, but you can try
Good luck and feel free to ask
Hi Ben,
You need to contact the bank to know the status of your house. You can also discuss with them the option of renting the house from them. But they are unlikely to rent it to you. The bank forecloses on the property to sell it to recover the loan amount. They do not quite rent foreclosed houses. Moreover, they would not be willing to rent it to someone who failed to make the monthly payments and defaulted on the loan.
You need to contact the bank to know the status of your house. You can also discuss with them the option of renting the house from them. But they are unlikely to rent it to you. The bank forecloses on the property to sell it to recover the loan amount. They do not quite rent foreclosed houses. Moreover, they would not be willing to rent it to someone who failed to make the monthly payments and defaulted on the loan.
generally bank does not allow as they are interested in recovering their money by selling