Foreclosure

I was under a repayment plan contract with my mortgage company to pay a past due balance and current payment, the contract was signed, dated and fax on 1/29/07, it was also faxed on 1/30/07 along with the payment receipts for the downpayment of the contract. No payment was asked of for feb and the next payment was requested march 15 07, the mortgage company closed out our loan on Feb 1, 07 after receiving the payments and foreclosed on our property anyway, my home was auctioned and sold on March 3, 07 without any notice to us. I later found out April 25, 07 and have been in contact with not only the mortgage company, but also with FHA/HUD and after HUD spoke with the mortgage company they told them to rescind the loan and qualify us for a loss litigation per HUD guidelines. The mortgage company then contacted me again and stated I do not qualify for anything and snickered on the phone and stated there is nothing they can do. My mortgage company breeched my contract after received my initial down payment, do I have any rights or Did I basically lose my home and there is nothing I can do about it?

Our home went into foreclosure. On Mar. 23, 2007, our home was sold at a public auction to the highest bidder. We had 2 loans. The sale covered the first loan, with about $14,000 left over. What happens to the second loan of about $43,000? I was told it just goes away and we do not owe anything on it. Also we got papers in the mail that says it is a Notice of Deposit of surplus funds in the amount of $14,331.85. It says, "The Trustee has no interest in the funds and is uncertain as to the relative priority claims against the surplus funds and is concerned that trustee will incur liability if the surplus funds are incorrectly disbursed". Does this mean we can collect the surplus funds? And what really happens to the second loan?

My house is about to be foreclosed on. Does the mortgage company have the right to put locks on my door? Also I contacted a company referred to me by United Way that says they will be able to stop the foreclosure once I receive the foreclosure papers. Is this true?

My husband's credit has been destroyed by his ex-wife. In their divorce papers, their home was awarded to HER, however, she has never removed his name from the mortgage. Since the divorce, she has defaulted on the mortgage, and this has adversely effected my husband's credit. My husband and I filed together for Chapter 13 bankruptcy, mentioning this mortgage company and real property in the case, but this home (and default status) still appears on his credit reports. We are unable to purchase a home of our own, or even get loans of any kind due to this issue. Could you offer any advice on this?

I am attempting to find out what the right of redemption law is in Louisiana with regard to foreclosure, property that is considered blighted or abandoned, and property seized due to taxes.