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WHAT CAN I DO AFTER SHERIFFS SALE?

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..

helping_user's picture
helping_user | Joined: March 31, 2006 03:39 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:03 | Post subject:

Caron's picture
Caron | Joined: July 19, 2005 08:37 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:03 | Post subject:

Samantha's picture
Samantha | Joined: September 16, 2005 11:59 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi SJW,

If the sale is already over, you can file [url=http://www.mortgagefit.com/bankruptcy/chapter7.html]Chapter 7 bankruptcy[/url] 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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:03 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:03 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:03 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:03 | Post subject:

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