was trying to buy a short sale in new hampshire that just got foreclosed on yesterday. no one bid so it went back to the bank. we started this 8 months ago(in those 8 months had a verbal approval from both banks that had liens but never saw paperwork), everything that was asked of me was completed and turned in on time. my loan approved all the through underwriting,appraisal,insurance binder all completed. problem was there were two banks with liens and they couldn't get there stuff together in 8 months of waiting and so it went to auction.( and by the way it was bought back for way less then the price on our short sale agreement,someone explain how that's good business for the banks!) i did not bid because i am not educated on the process enough as far as 2nd and 3rd liens chasing me after the fact and could not get a real estate lawyer in time for the auction.( as much as we wanted the house i couldn't be reckless about it and put my family's financial future in jeopardy ) so now the question is how do i find the asset manager ? anyone who lives around new england knows a vacant home and new england winters don't get along. my second question is the lien info during the short sale game were wells fargo and small 2nd and 3rds with td bank. thought i heard the auctioneer say first horizon opens bidding at ****** and then there were no bids after that. so who is who as far as banks go ? i found this in my research which has nothing to do with any doc's on the home i'm trying to buy.

WELLS FARGO BANK, N.A., Index No.: 
A NATIONAL BANKING ASSOCIATION, AS 
BOTH ORIGINATING CREDITOR AND AS 
ASSIGNEE OF FIRST TENNESSEE 
BANK NATIONAL ASSOCIATION , 
TRADING AS FIRST HORIZON (“BANK”), 
Plaintiff,

so are wells fargo, first horizon and first tennessee banks all the same people ? and then when does fannie mae come in and should i be trying to contact them ? as you can see i'm pretty lost at this point and have so much invested in this home already. there has to be a way to keep moving forward and not gambling on finding it back in the mls and getting into a bidding war. thank you to all who took the time to read and comment

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Most likely Wells Fargo is the Investor on the loan.  Finally, there is no right of redemption following a foreclosure sale in New Hampshire.  My recommendation for your next short sale negotiations should be working with a RE Attorney to postpone the sale date, regardless what the negotiator at bank would say, in order to stop the sale.

Don't give up and learn from this failure!

Ivan Diaz Ikon Capital Group 

The court file/sale doc.s will clarify who "owns" the property. The property will have to go back back on MLS, no matter what. You mentioned Fannie Mae, if it's now a FNMA property:1) find an alert agent. 2)keep an eye on Homepath.com 3) keep a check on the property, the REO agent may post his info. before it hits MLS. 4)Forget the asset manager

i only had a few days to research laws when my agent finally said that it wasn't getting postponed. yes i should have been more prepared but as a rookie i just did what i was told instead of making my own decisions

"lesson learned"

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