Foreclosure is a long and painful process that ends with the end of your family home for your disposal as you have failed to meet your obligations to your lender. Your mortgage lender has given you multiple opportunities by the time the sale of your home has arrived and you have not been able to make it all up. You are now at the point where the Sheriff or Public Trustee will oversee the sale of your home.
You will be notified by mail and a posting will be taped to your door to make sure that you know of the lender’s intentions to sell your home. This sale will be listed in your local newspaper to welcome all to bid on your home and you can be there to bid as well. The time after the demand letter has expired to the date of this sale will vary by state, make sure to check your rights before it all begins.
Even after this auction ends for your home you will not be out of options to make up the amount owed to your lender, but your days are numbered. Get with an attorney or housing counselor to see what your options are to be able to save your home. All times and rights vary by state and it is in your best interest to know your rights before you lose your home.
Don’t waste any more time worrying about how to pay your mortgage, contact us today by phone at 813-612-5697 or 877-246-4486 or by email at Sales@TSherwoodLaw.com.
