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What are my rights as an auction winner, if the former owner is filing a lawsuit against the lender for illegal foreclosure?
What are my rights as an auction winner, if the former owner is filing a lawsuit against the lender for illegal foreclosure?

Rights as an auction winner if former owner is filing a lawsuit against a lender for illegal foreclosure

Updated over a week ago

It will depend on various factors, depending on your specific situation.

If they have a valid reason to fight the foreclosure, then you may want to work with them to get the sale rescinded, and get your money back as quickly as possible. Otherwise, if they do actually file a lawsuit, you will need to hire an attorney, though you could let the lender's attorney take the lead to minimize your expenses.

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