My question involves a foreclosure in the State of: West Virginia
The short version of the story . . . my grandmother retained a life estate in the property my family lives in. She took a mortgage on the property, then moved out with her new boyfriend, now husband. During this time, she stopped making payments. I found out once the property was in foreclosure. My wife and I were not on the mortgage. I was able to complete 2 workouts . . . one with Countrywide and the other with Bank of America once they bought Countrywide, however, she refused to sign the paperwork for the workout. I am not in a position to outright purchase the home . . . hence the workouts. The property has since foreclosed and been sold to Freddie Mac . . . now we have received an eviction notice and have a month to vacate the property. My question is . . . . do I have any recourse against my grandmother or the banks since I was not afforded an opportunity to preserve our vested interest in the property? Thank you in advance for any advice or help you are able to give.