| Call 267-507-5388 | Help with Foreclosure Philadelphia | Stop Avoid Foreclosure Sheriff Sale PA NJ DE. If you miss your mortgage payments, you may lose your home through foreclosure. Your lender can use foreclosure as a legal means to repossess your home. If you owe more than your property is worth, a deficiency judgment is pursued. Both foreclosures and deficiency judgments have a negative impact on your future credit. You should avoid foreclosure if at all possible.
Foreclosure is a very scary word and it can happen to anyone if they began to fall behind on their mortgage payments. Lenders and banks do not care about many issues that may concern you, They are not in the home selling industry. They are in the lending money to buy the house mortgage business. Lenders don’t want to foreclosure if it can be avoided. Stop Avoid Foreclosure Sale.
After about three to six months of missed payments, the lender orders a trustee to record a Notice of Default (NOD). At the County Recorder’s Office. This puts the borrower on notice that he or she is facing foreclosure and starts a reinstatement period that typically runs until five days before the home is auctioned off. If the default isn’t corrected (the loan must be brought current) within three months, a foreclosure sheriff sale date is established. The homeowner will receive a Notice of Sale, and this notice will also be posted on the property. In addition, the Notice of Sale is recorded at the County Recorder’s Office in the county where the property is located. Finally, this Notice of Sale is also published in newspapers local to the county in question over a three-week period. Learn foreclosure options Philadelphia with our Free Report.
There are two main stages in the foreclosure process, before and after the court filing of the Notice of Default. You must take action and educate yourself on all your available options. Get our free report on 10 available options to help you stop/ avoid Philadelphia PA NJ DE foreclosure sheriff Sale. The one main thing to remember will be as part of your foreclosure prevention strategies is communication. You must be open and honest with yourself and your family. Communicate with your lender and with your foreclosure solutions specialist. Stop Avoid Foreclosure Sale | Call us at 267-507-5388.
One of the easiest ways to stop/ avoid foreclosure sheriff sale and free yourself without owing a deficiency balance is through a “short sale,” in which the mortgage holder agrees to accept less than the balance owed on the mortgage at sale to prevent foreclosure. The lender would much rather see you sell the property than be forced to take the property through foreclosure, as foreclosure is a costly and time-consuming process. You should contact your mortgage lender to discuss what it can do to assist you in selling the property through a short sale, and what are its procedures and requirements. Explain to the lender that you cannot afford your mortgage payments, and that you need to sell the property through a short sale to prevent foreclosure. Mount Moriah CV Buy Houses that are underwater in financing i.e. Let us help you Short Sale vs foreclosure Philadelphia Call 267-507-5388, today and ask for Devin. Sell Your Home or Short Sale Fast!
For owners who don’t care to save the property, or who have no other choice than to let the property go, selling the property may be a smart choice. If you have enough equity in the house to allow you to pay off the mortgage in full, then a sale is usually your best option. This option preserves your equity and what’s left of your credit score. Selling also leaves you in a much better financial position should you want to buy another home in the future. Even if you don’t have equity, you may be able to arrange a short sale, where the bank agrees to forgive the mortgage debt for less than the total amount owed on the mortgage if you sell the property to a third party. The advantage to the lender is that it does not have to deal with costly foreclosure proceedings. Sell Your Philadelphia PA NJ DE Home or Short Sale Fast! Call us today 267-507-5388, We buy houses in foreclosure to get you out from under your mortgages. Does bankruptcy stop foreclosure Philadelphia we can help answer this for you.
Allowing the foreclosure to proceed to the auction is generally the worst choice. By doing nothing, homeowners will lose their home and any equity they have earned. Plus they will damage their credit at the same time. Moreover, some states allow lenders to go after borrowers in court for any deficit between what the house eventually sells for and what the homeowner owes. This is called a deficiency judgment. Unfortunately, many homeowners chose this option, putting their heads in the sand and hoping they’ll win the lottery and avoid foreclosure. Stop Avoid Foreclosure Sale PA NJ DE | Call 267-507-5388.