The family apparently attempted to work with the bank to modify their loan but were only offered an even bigger loan which they rejected. The bank proceeded with the foreclosure and auctioned the property at a foreclosure sale, becoming the owner subject to final court approval.
We reference this case because it illustrates the importance of getting help early. The article indicates that the homeowners are just now reaching out to third party mortgage counselors to see if the eviction can be halted. Sorry to say, but its going to be too late. Courts rarely if ever overturn a foreclosure sale and the time for defending the case is long past. If you are facing foreclosure get help immediately. There are many options available and they begin to disappear the longer you wait