WHAT CAN I DO AFTER SHERIFFS SALE?

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Icon Mini Profile sjw310





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Post Posted: Thu Dec 14, 2006 10:41 am    Post subject: WHAT CAN I DO AFTER SHERIFFS SALE?
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MY HOUSE WAS SOLD AT SHERIFFS SALE .THE SHERIFFS WEBSITE SAID SOMETHING ABOUT RIGHT TO REDEEM WHAT IS THAT I HAVE SPENT ALOT OF MONEY TO PEOPLE WHO GAVE ME BAD ADVICE ..CAN I FILE A CHAPTER SEVEN AND PUT IST AND 2ND MORTGAGE ARREARS ON IT I GOT ALOT OF QUESTIONS BUT NO ONE GIVES ME GOOD ANSWERS ..MY MORTGAGE COMPANY IS ABN AMBRO .IS THERE ANYONE WHO CAN HELP ME I NEED SOME GOOD ADVICE OR SOME LEADS ON WHO TO TALK TO..
Icon Mini Profile helping_user
helping_user




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Post Posted: Thu Dec 14, 2006 11:32 pm    Post subject: RE: right of redemption after Sheriff's Sale
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Hi Sjw,

Even after the Sheriff's sale is over, being a debtor you have the right to get back your property. For this, you need to pay the buyer the amount paid for the property along with any accrued interest from the time of the sale of property. This right to redeem or save the property after the Sheriff’s sale is called Statutory Right of Redemption.

Thanks
Icon Mini Profile Caron
Caron
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Post Posted: Fri Dec 15, 2006 12:41 am    Post subject: RE: getting advice from the community
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Hi SJW,

You say that you have a lot of questions and are looking for some helpful advice. For this, you can place your questions in the forum itself. This is a platform where all the members and guests can go through your queries and give their suggestions which will help you in a better way.

Thanks,

Caron
Icon Mini Profile Samantha
Samantha
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Post Posted: Fri Dec 15, 2006 10:21 am    Post subject: RE: file chapter 7 after sheriff's sale
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Hi SJW,

If the sale is already over, you can file Chapter 7 bankruptcy in order to get rid of the foreclosure deficiency, that is, the difference between the total loan balance that you are required to pay and the amount that the creditor obtains through the sheriff's sale.

Hope this information will help you.

God bless you.

Samantha

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john harris

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Post Posted: Wed Nov 30, 2011 7:16 am    Post subject: sheriff sale property louisiana
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when the property goes to sheriff sale it only mention two tract of land
in s/w 4 sec 21-17-15 per assr and country plat with a three year redeemable do i own the minerals with this land after three years
Icon Mini Profile jameshogg
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Post Posted: Wed Nov 30, 2011 9:21 pm    Post subject:
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Hi john,

If the mineral rights are not given away, then you will be able to claim the minerals. However, it will be better to have a word with a real estate attorney and check out what your rights are in this regard.

Thanks
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