Is a judgment of foreclosure final? Homeowners are sometimes surprised to learn that the judgment of foreclosure is not the final judgment in the foreclosure because it does not dispose of all the issues between the parties.
What happens after a judgment of foreclosure is entered?
Once a judgment of foreclosure is entered by the court, the property may be sold at a public auction, and the proceeds from the sale are used to satisfy the outstanding mortgage debt and other costs associated with the foreclosure process. The subsequent order confirming the judicial sale is the final judgment in the foreclosure case. It conclusively establishes the judicial sale purchaser's right to the property and gives final approval to the proposed distribution of the sale proceeds.
Can you appeal or challenge a judgment of foreclosure?
In certain instances, a judgment of foreclosure may be appealed or challenged through various legal means. For example, if there was a procedural error in the foreclosure process or if the lender engaged in fraud or other misconduct, the judgment of foreclosure may be challenged. It is important to consult with an experienced attorney who can review the specific circumstances of the case and advise on any available legal options.
At The Law Center, we are a team of specialists that are passionate about the foreclosure process from start to finish and helping homeowners at the highest level. Our staff and attorneys approach each client and each property as a new challenge, one that requires thorough analysis, zealous representation, and thoughtful strategy. It’s your home, let The Law Center help you defend it.
Call us now and speak with a foreclosure expert on how you can make the foreclosure process work for you -- not against you. (312) 600-8815