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I was in the middle of a short sale with a third party when my loan was sold to Fannie Mae. I found out in October, from the company I was doing a short sale with that my house had foreclosed in August, within weeks after it was sold to Fannie Mae from Chase. I was never notified about the sale to Fannie Mae or the foreclosure. The house was under construction and although it was my primary residence, I was not living in it at the time. The third party assured me that they were not foreclosing on my home and supposedly they were as shocked as I was to learn they had foreclosed. I live in MA and I want to know if I can lawfully do anything against the third party or Fannie Mae or if I am just SOL….. any help would be appreciated…

Thank you!

3 Thoughts on Can a mortgage company foreclose on your house without notification?
  1. Reply
    November 4, 2011 at 7:29 pm

    The laws about this are regulated by each state and are different.
    In Texas they have to send a registered letter and also tape one to the door. It is possible you didn’t get either one- Some jerk could have pulled the copy off the door and the registered letter does not have to be received- just mailed.

    I have one client that had their house foreclosed incorrectly and got it reversed. But it is being foreclosed again- this time correctly.

    It is almost always ok for the lender to sell or transfer the loan to anyone they wish- so the transfer to fannie mae is very normal.

  2. Reply
    November 4, 2011 at 7:50 pm

    Real estate lawyers in your area usually will answer questions for free and it sounds like you are going to want the advise of an attorney.

  3. Reply
    November 4, 2011 at 8:18 pm

    You should always be notified of anything. Try speaking to the bank, and if that doesn’t work you should contact a lawyer.

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