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View Full Version : Rights after a Sheriff's Sale in Illinois


marsap
Feb 11, 2008, 11:50 AM
My house was sold at a Sherriff's Sale and I have received notice from the sheriff with the date I need to be out of the house. I attempted to work out a plan with the bank, they asked me for document and $6000 which I provided. At the last minute they decided not to work out a plan and did not return the $6000. Is this legal? Also, I was told that if I came up with more money which I have they would reinstate my loan or that I can have someone purchase it back from the bank. I have been trying to communicate with the bank for about a month with no luck (they wouldn't reply or return my calls). Any suggestions. I have 2 weeks before I need to be out.

excon
Feb 12, 2008, 04:47 AM
Hello m:

I think the date has come and gone for you. I don't know how the bank can reinstate your loan when somebody else owns the house. What are they going to tell him?

Nope. You're bank screwed you when they took your $6K and then rebuffed your offer. Apparently, they're still trying to screw you by lying to you.

excon

ScottGem
Feb 12, 2008, 06:55 AM
Did someone actually buy the house or did the bank? Do you have any documentation about the offer and the $6K payment.

I would consult an attorney immediately to protect your rights.

marsap
Feb 12, 2008, 07:46 AM
The bank bought the house back, and all I have is copies of the cashier's check that I provided the bank.

ScottGem
Feb 12, 2008, 07:48 AM
Well you need an attorney. But the bank's acceptance of that check does indicate an agreement was in place.