Stop Bank Foreclosures Tips

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We are in the process of buying a house. The seller failed to mention that he had stopped making payments. The foreclosure process began last week. We were scheduled to close yesterday but now waiting for the title to clear. I’m afraid that the payoff will not be enough to cover the seller’s original loan. Will they still sell the house to us and make him liable for the remaining amount on his loan? Can we even continue with the purchase? According to our loan officer and realtor this can be fixed and a lawyer is working on it. Anyone else been in this situation?
We wont be doing a short sale or waiting 3 months. We were supposed to be living in the house right now!

Here is a great resource to help A Foreclosure Survival Guide
www.stopbankforeclosurestips.com/website/sales.html
Just copy and paste in your browser.