I enjoyed your recent visit as guest speaker at the High Desert Investors Network meeting in Palmdale, CA. ?
I have a question. ?We bought an bank owned property from the online auction done by Auction.com in September with title insurance… ?However, I received a call last night from an attorney who is representing Bank of American.
He stated that the bank may have wrongfully foreclosed the former owner because the bank foreclosed on them after the owners filed bankruptcy, even though the owner’s BK got denied, but was still filed before the foreclosure. ?He said the bank may have not properly given them notice. ?Therefore, the bank may have the rights to buy the house from us. He asked if are willing to sell it back to them. Is this crazy? ?Can they do this?
Please reply, so I can sleep better tonight.