What can I do in order to stay longer or buy my house back if I have a court date for a foreclosure eviction?

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What can I do in order to stay longer or buy my house back if I have a court date for a foreclosure eviction?

I have been notified to go to court for foreclosure eviction and I want to know what are my options if I own another commercial property that I am trying to sale in order to have more funds. Can I appeal and how do I do that?

Asked on July 16, 2011 under Real Estate Law, Texas

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

Technically, if you have not lost your house that is subject to a foreclose proceeding (meaning you are still on legal title),there is nothing to buy back.

However, if you have lost this house via a trustee's sale or a judgment in a judicial foreclosure and are still living in it, you would be subject to an eviction proceeding which seems to be what is occurring.

If you are in an eviction proceeding, you do not have a lot of options. You can contact the person or company that now owns your foreclosed home and try to work a deal where you can lease back your former home with an option to buy where you hope to buy the home back from sale proceeds from a commercial property you have, try to enter into a contract to buy back the property subject to the sale of your commercial property, or file a lawsuit as to the presumed non-judicial foreclosure seeking an order that yu not be evicted from the home.


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