Hi Prospects & Friends!
Year end is near, and many of us are ready to start the New Year off right. Some of us are tangled up in foreclosure or facing foreclosure, and have very limited resources or sources to save the property. The best thing one can do is learn your foreclosure timeline in your state, and once you get that information, then next contact your lender and either;
- Reinstate your loan
- Modify your loan
- Sell your home
If all else fails and you can't get the money fast enough to reinstate the loan, or get the application done quickly and timely enough to the lender to do the modification, then sell the property. What you don't want is the sale date to post with an actually date, because by then things will start to escalate with the lender and their foreclosure process, and your timeline will get more aggressive with how to get out of the foreclosure, and not lose the property. So key here is to know before you contact the lender, what you're planning to do to prevent the foreclosure, and don't wait till you're told you have a sale date to take action.
