.......or actually something I don't quite understand, kind of.
My friend and I bought our houses at the same time. She got laid of in March, and has been getting jobs here and there but for some reason always gets laid off. Her husband got laid off in May, and was on call. He had jobs here and there when they needed him.
They have this house, plus they got another one about three years ago. They had to refinance the first house, not sure if it was to get the down for the second one.
She doesn't use the home phone because she will sometimes be at the second house for work which is three hours away. There is no phone at the second house. He doesn't answer the calls, because he figures wifey takes care of most things, and friends call on the cell.
After this roller coaster of small jobs, he decided to apply for retirement. He said it will start going into effect in 45 days.
She came home yesterday to a note on the door saying that they have to be out of the house in 30 days because the house was auctioned off and is now bank owned. She said that nobody told them they were going into forclosure. She knew that the payments were late but they were paying what they could when they had money.
I talked to people and they said legally they have to notify her of the sale of the loan (another bank bought it).
She said she was not notified of the auction.
Anybody have anything that I can tell her to help her? She wants to buy it back as soon as his retirement starts. But I have a feeling that's a no can do thing I'm hoping for.