Posted on 06/05/2010 8:22:44 PM PDT by shezza
Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners' association had foreclosed on his $300,000 houseand sold it for $3,500. This story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn't easy.
---snip---
"It's ridiculous how much this is costing us," he says. "I'll be taking out a mortgage on my house that was free and clear just to try to get my house back."
(Excerpt) Read more at motherjones.com ...
The story has to be hog wash, congress long ago made this type of stuff illegal. Anyway in most states, the debtor has a year to pay off the debt and reclaim his property, called right of redemption.
Hero Defender of Our Nation at the end of the earth returns home to find the local coward parasites stole his home on a technicality.
All nice and “legal.”
btt
I don’t use profane language, but DAMN!!!~
Soldier in Iraq Loses Home Over $800 Debt
06/02/2010 8:04:52 PM PDT · by RDTF · 36 replies · 849+ views
Mother Jones ^ | May 28, 2010 | Nick Baumann
Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 houseand sold it for $3,500. This story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn’t easy. Michael went on active duty in...
Soldier in Iraq Loses Home Over $800 Debt
06/01/2010 9:07:42 PM PDT · by Dr. Marten · 150 replies · 1,785+ views
Mother Jones ^ | 05.28.2010 | Nick Baumann
Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 houseand sold it for $3,500. This story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn’t easy.
Soldier in Iraq Loses Home over $800 Debt
05/28/2010 10:30:41 AM PDT · by Chunga85 · 49 replies · 1,293+ views
Mother Jones ^ | 5/28/2010 | Nick Baumann
Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front.
Click to search older articles ...
The right of redemption is the right of a property owner to redeem his or her real estate from foreclosure by paying the lender the outstanding principal and interest due, plus the lender's costs in foreclosure, or to redeem foreclosed real property from whoever purchased it at the foreclosure sale. The specifics, such as how long the owner has after the property goes to auction, exactly what has to be paid, and even what the process is called, will vary by state.
There are two key reasons why a foreclosure investor needs to be familiar with the right of redemption. One is that you need to know when you buy a property at auction whether or not the owner can get the property back if he somehow comes up with sufficient funds (typically the outstanding balance, accrued interest, late fees and costs). The second is that you may be able to buy the redemption rights whether or not you actually buy the property.
FRom:http://ezinearticles.com/?Foreclosure-Investing---Understand-the-Right-of-Redemption&id=716382
His wife was mentally ill and did not respond to notices and bills.
§ 209.011. RIGHT OF REDEMPTION AFTER FORECLOSURE.
(b) The owner of property in a residential subdivision may redeem the property from any purchaser at a sale foreclosing a property owners' association's assessment lien not later than the 180th day after the date the association mails written notice of the sale to the owner under Section 209.010.
This poor guy lost his home at least seven times this week.
I am kidding with you, but this has been posted many times.
Thanks. I searched three different ways and nothing came up.
(Admins can pull it if they want to.)
That’s why, in Texas, some people just need killing...
No problem here.
I feel for the guy.
If you don’t pay your property taxes, they auction your house without telling you and one day the sheriff comes and pays you a visit.
The above is all perfectly legal.
The only way to reclaim your property is to pay the man that won the auction whatever his price is...assuming he wants to sell.
I have seen this story here a bunch too and keep expecting if this is a true story for an update that the publicity has shamed these people into returning the house to it rightful owner.
Also in Texas, sometimes they get killed...
Wrong, you pay the court, the person who bought the property has no say in the matter. Now where did you get that real estate degree??
Nutbag wife? That’s definitely a missing piece to the puzzle.
Frisco is near where I live. You would be hard pressed to find a more conservative pro-military town in the nation. He needs to go to the press. The HOA and “investors” will NOT want the heat. Also, the property will become toxic - it will NOT get bought from the investors.
We’re old school in these parts. I’m betting that this will be made right, one way or the other.
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