What makes a foreclosure even worse than just losing your home and hard-earned money is the length of the painful ordeal. You must deal with the fact that your home is being taken from you over a period of time that can sometimes last over a year. The only good thing about this length of time is that you may have the chance to save your home, especially if you have a redemption period.
As you may know, the last step of the foreclosure process appears to be the Sheriff’s or Public Trustee’s auction of your home. What you may not have known is that there is, in some states, another step that happens when this is complete. You may have a “redemption period” that gives you a certain amount of time to redeem yourself and regain your home even after the foreclosure auction is complete.
If you hope to achieve the requirements of the redemption period or just want to know if your state has one you should contact your lender. If you don’t feel comfortable talking to your lender you should consider consulting an attorney. A foreclosure attorney could explain your rights to a redemption period in terms that are supportive of you and your situation.
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.
