Asc Foreclosures
foreclosed property charged off?
I had two “investment” properties I got through a scam that were in foreclosure and the cases are now dismissed. One is through ASC and they say it is not REO, it is not being pursued and is basically now an unsecured debt, The other is with OCWEN and is in decent shape – what is the legal status of these now? Should I try to do SOMETHING with them? I mean if i rent the OCWEN one out to try to have it at least maintained should I warn the tenant of a possible new foreclosure case? I I have short sale purchase offe in but it has been months with no reply. just want to know what I should look out for.
Also, the one with ASC is full of mold and condemned – the city will demo it for free. I will always have the debt, so should I just let them do it before the city starts taking legal action against me? Let me know your thoughts I am in Ohio. Thanks
Sounds like you need a good real estate attorney.
9 Legal Short Sale Avoid Foreclosure Wells Fargo New Policy
