It is very simple to know if you are close to the foreclosure process, though you might not have received a specific document alerting you of your status, and giving you a specific date of foreclosure completion. Save yourself some time. If you know that you are going to miss a payment or two, or if you have already missed a payment or two, then you will soon be able to answer, yes to the question, Is my house in foreclosure?
Is My House in Foreclosure ?
If you have not paid on your mortgage in 6 months time, then your lender has likely already filed a notice of default with the County Recorder. This is a public record, and you can call and see if this document has been filed against you. In addition, if you are facing foreclosure, you will be receiving letters calling attention to your negligence and nonpayment several times each week.
Sometimes when you call and ask your mortgage lender whether you are in foreclosure, he will give you a definitive answer as well. Other than that, no one will tell you specifically when your house will be foreclosed upon. Most lenders feel that this is not their responsibility.
The Harsh Reality of Foreclosure
If you are like most Americans, chances are, you know of someone that is experiencing a foreclosure, or someone that has already lost their home. This situation is frustrating for any family. Life is disrupted, and ones private life is put on display for all to see.
Because foreclosure is so rampant, many people do not realize that there are things that you can do to prevent a foreclosure from happening. Most of the time you will not have to move into a smaller home or damage your credit. There are several different methods that you can use to stall or completely reverse the foreclosure process. Not every method will work in every situation. The right method for you will be determined by your credit score, your income, your payment history, and your will to find a positive solution.
Do You Know that Simply Learning About Foreclosure Laws and Loopholes Might Stop Your Foreclosure?
It is very common for people to start researching foreclosure laws and loopholes one or two days before their foreclosure is about to go through. Instead of consulting with a lawyer and doing research as soon as they find out they are in trouble, most homeowners tend to take these measures as a last resort. Sometimes people do not even research or consult a lawyer until after the foreclosure is over. This is common because many people realize that there are not many ways to stop a foreclosure from happening. However, sometimes the bank is willing to make some adjustments with your mortgage loan so that the you can afford to make the payments, but situations like this will not happen for you if you do not know how to make the system work on your behalf. Do not wait until you have missed multiple payments. Save yourself some time. If you know that you are going to miss a payment, then you should answer, Yes, to the question, Is my house in foreclosure?
Banks are not going to go out of their way to make your life easier, but a foreclosure lawyer knows exactly what to say, and who to talk to at the bank so that the bank can make exceptions in your particular case.
Is My House in Foreclosure ? Yes. How Can I Stop It?
Finding Foreclosure Loopholes is easy if you understand the laws, the foreclosure process and what the banks need from you! There is a Stop Foreclosure Guide written by a foreclosure attorney that is the only guide you will need to find legal allowances. This guide is special because it details all of the foreclosure loopholes that the bank does not want you to have access to. See my signature below to gain access to the guide.
Like this:
Be the first to like this.
roddy white roddy white howard stern howard stern free shipping day free shipping day golden globe nominations 2012
No comments:
Post a Comment