[WSBARP] Ownership of home post foreclosure auction.

[attorney at shanapavithran.com]

 I have a client, whose home was foreclosed, pursuant to a trust deed foreclosure.  The lender held an auction on 2/5/16.  The value of the mortgage was approximately 230K appraised current value is approximately 155K.  Though foreclosed, home was not sold at the auction.  The bank did not bid at the auction or transfer ownership of the home to the bank's name.  The home remains in the client's name. He still pays the water bill on it.  He does not live there right now.  What rights does he have regarding the home?  Does the bank own it or does the client own it outright, as the mortgage is discharged by the foreclosure.

Shana Pavithran
Attorney-at-Law
Pavithran, PLLC.
22525 SE 64th Place, #279
Issaquah, WA 98027
Telephone: (425) 557-3625Email: attorney at shanapavithran.com
Website:www. shanapavithran.com


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