Cosigner's Liability in Foreclosure

[Kathy Teed]

I almost 70, foolishly cosigned a house (in MA.) for my grandson several years back.
His life spiraled out of control. He didn't tell me the house was being forclosed for over a year.
It went up for auction this past week (7-26-12) and the bank bought it back.

How do I find out if this was a non-judicial foreclosure?
I have nothing, no CDs, IRAs, investments, etc.
Just my small pension and a small SS check...both are direct deposited into my acct.
I do own a 40-B duplex condo.
Am I in danger of having my bank account attached?

[Mr. Knowitall]

You can see if the lender will give you information about the foreclosure, or ask your grandson. If an action has been filed in court, there will be a court record in the county where the real estate is located.

I cannot tell you how aggressively the bank will pursue a deficiency, assuming one is owed at the end of the foreclosure process.