Buy Time By Filing An "answer" To Foreclosure Complaint
In Conti and Finkel's "Making Big Money in Foreclosures" they speak, in passing only, of filing an "answer" to the foreclosure "complaint" as a simple way of slowing the process, and of buying another month before the sheriff's or trustee's sale. They also say that any typo, misspelling, or other flaw in the complaint/ad is grounds for sending the process back to square one. Who's encountered or used this? Is either one something you can do alone, or do you need an attorney? Thanks.[ Edited by loon on Date 02/03/2004 ]
Yes, you can do those things mentioned. If the first morgage holder has made some kind of mistake they will generally start over to make sure they cover themselves. This way there can be no objection when it goes to court. The laws of foreclosure are created for a reason, and the lender can't skip steps in the process of foreclosing.
Ryan J. Schnabel