Stop Foreclosure – Get Educated
If you want to know the best way to stop the foreclosure of your home, find out how to get educated on what your options are. Find out the three things that you absolutely must get informed about in order to save your home from foreclosure.
If you want to stop foreclosure on your home,
the best way to do it is to make sure that you are educated. The more educated and informed you are on the foreclosure process, the better off you will be in the long run. If you want to stop foreclosure, you need to truly understand the process and what is all involved. There are three things that you absolutely must stay informed about.
1. Know exactly what your bank is doing at every step of the foreclosure process. It is vital that you understand what your mortgage company’s foreclosure process is. This includes: when they start foreclosure proceedings, what sort of timeline they anticipate, who their lawyers are, what sort of workout options or arrangements they can offer you at every step of the process. This is by no means a complete list but it is a good starting point. In order to find out all of this information, you will, of course, have to actually talk to your mortgage company. Be sure to be polite but firm and consistent every time you call. If you are clear with the bank that you want to stop foreclosure, they will often be much more willing to work with you.
2. Know how the foreclosure process works for your county and state. You have many different options during the foreclosure process to make your voice heard and to stop foreclosure on your home entirely. But you need to know when you have the right to exercise those options. That will often depend on what the laws are that govern foreclosure for your county and state. The foreclosure laws and information for your county and state are freely available online. All it takes is a little bit of research.
3. Make sure that you understand every document that your mortgage company and their lawyers send to you. This may mean getting your own mortgage lawyer to help you understand what those documents are and what response you can or should give. If at any point you do not understand what you are seeing, be sure to consult someone who understands foreclosure law and can give you sound legal advice.
