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I own a rental property in NC that is scheduled for trustee sale at the courthouse in 3 weeks. I am NOT the borrower. I do not personally know the original borrower and have no way to contact them. Doing a short sale or loan modification is not an option because I am not the borrower and I am not going to file for bankruptcy. Essentially, what I am trying to accomplish is to delay the actual sale for as long as possible. Does anyone know of specific requests that I can make that would require the lender to postpone the foreclosure for a period of time? It seems that I have heard in the past of certain requests that would require the lender to suspend the foreclosure for 90 or 120 days while my request is answered. Any help is appreciated, thanks!
You need a lawyer. I am not sure how you can claim to be the owner, but not the borrower. Was this a divorce situation? An estate (inheritance)? Co-Signer?
What I am hearing you say is that there is a mortgage lien on the property from a previous owner. When you bought the home this should have been satisfied (in some legal fashion) or you could not have obtained title.
Go see a lawyer, a few hundred dollars may save your home. Your lawyer can request a delay if there are legal issues. Banks do not want to get in any more trouble foreclosing illegally.
When and how did you come to own it? Is your name on the legal deed to the property, as filed at the county courthouse?
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