In most instances when the Land Bank plans to market these properties for sale, the occupant at the time of foreclosure will be offered the first opportunity to purchase the property. (syracuselandbank.org)
The reverse mtg. lender tells me that I still have an active FHA case # that should have been closed out at the time of foreclosure. (consumer.ftc.gov)
While the borrowers do get a notice of the commission sometimes, the investors have no say in any of this — but are paying for the commission at the time of foreclosure. (alephblog.com)