Profile picture for user1053530

can they come and retake the home from me if i buy a foreclosed home

  • October 02 2013 - Lithia Springs
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Answers (3)

Profile picture for CallTheSisters
When buying a foreclosure make sure you have professional representation including an attorney to review the title.
  • October 06 2013
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Good question to also ask your Owners Title Insurance company.  You should get an owners title at the time of purchase to protect and ensure you have clear title to the home.   If you purchase a home at auction for cash and do not get an owners policy, you are taking a risk.

  • October 02 2013
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That answer can be yes, if and only if the previous homeowner was incorrectly foreclosed. If the bank that foreclosed did not cover ALL the correct steps in the foreclosure process.
Every state has their own laws and there is what is called a redemption period.
  • October 02 2013
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