1. Free Legal Help, Legal Forms and Lawyers. TheLaw.com has been providing free legal assistance online since 1995. Our most popular destinations for legal help are below. It only takes a minute to join our legal community!

    Dismiss Notice

Identity Theft and foreclosure

Discussion in 'Foreclosure, Repossession, Auctions, Short Sales' started by allware, Oct 23, 2008.

Thread Status:
Not open for further replies.
  1. allware

    allware Law Topic Starter New Member

    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    0
    My jurisdiction is: NC

    A friend has been a victim of identity theft, the person who stole his identity has been convicted. This person took out several mortagages and lines of credit on my friends personal residence. He has been sending letters to banks but the process has been takeing a long time.

    He is worried that his house could be foreclosed on before this is taken care of. He has been told that the bank can foreclose on his house and then he would have to fight in court to get the property back. This has really stressed him out that he will get home and see a foreclosure notice.

    Can a bank foreclose on a house because of fradulent loans taken out because of idenity theft?

    If they can, is there anything you can do to prevent the foreclosure?

    Thank you
     
  2. seniorjudge

    seniorjudge Super Moderator

    Messages:
    4,309
    Likes Received:
    79
    Trophy Points:
    0

    What did the lenders say when you explained all this to them?
     
  3. allware

    allware Law Topic Starter New Member

    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    0
    Not sure, this truly is a friend who is in this situation. He is telling me that he has sent registered letters and returned the call from collection callers. Several has taken the loans off but a couple have not really responded. But one source has told him that they could show up at any time and give foreclosure notice and then that is is a quick snowball effect and that he would probably lose the house and then he would have to fight to get it back.

    If he has the proof that the loans were taken out fradulently can they still take his house and force him to fight to get it back?

    Thanks
     

Share This Page

Thread Status:
Not open for further replies.