Foreclosure Tales: Parent’s Home was Illegally Foreclosed Without Proper Notice and Sold to Third Party
Parent’s home was illegally foreclosed without proper notice and sold to third party. What will happen?
My parents had a mortgage on their home, which they had consistently been paying for the past 6 years. This home is their homestead resident which they’ve been residing in continuously since they purchased it 6 years ago.
Apparently, they had been paying their mortgage using automatic bill pay and it was automatically being debited from their account by their bank and mailed to the bank. All was going well for several years, until the bill pay automatically got canceled.
Long story short, the Bank sent them a demand letter at the wrong address, and started foreclosure, but attempted to serve them at the wrong address (at their old address from over 10 years ago).
My parents had no idea this was all happening, and they took 3 month long vacation to go visit some relatives in a different country. When they come back, apparently the property was sold to a third party, and they had moved everything out and even completed renovation.
Their attorney says it’s wrongful foreclosure due to improper notice, but it might be difficult to get the home back since a 3rd party purchased the home at auction.
Is there a chance that the sale can be vacated and get their home back?