Can a foreclosure sale be reversed?
Yes, a foreclosure sale in Massachusetts can be reversed. In some cases, a homeowner may be able to stop a foreclosure sale even after it’s been completed. This is possible if the foreclosure sale was conducted incorrectly or if the homeowner can prove that the sale was invalid. For example, if the homeowner was not properly noticed before the sale, or if the mortgagor did not receive a fair price for the property. If this is the case, the homeowner can contact a lawyer to explore their options. Another way a foreclosure sale may be reversed is by filing a “Motion to Set Aside Foreclosure Sale” in court. This motion must be filed within 30 days of the date of the foreclosure sale. If it is granted, the court can set aside the sale, vacating the foreclosure deed. Sometimes, foreclosure sales are wrongfully conducted in favor of the lender, which is illegal. If a homeowner believes that this is the case, they should contact a lawyer to discuss their legal options. Finally, if the homeowner is able to come up with the missing funds to pay off the mortgage, the foreclosure sale will be reversed and the foreclosure proceedings stopped. The homeowner will still have to deal with the missed payments and late fees, but the property can be saved from foreclosure.
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