How to STOP the Foreclosure
Before we go any further, you have a very important decision to make. Foreclosure is a very serious situation that is no doubt affecting your sanity and stress level today, and can affect your credit for years to come. People get into foreclosure for many reasons, but they all fall into one of two categories. 1. A Temporary Setback – such as a health of financial crisis that will soon pass. Your income will soon be restored to previous levels and you will soon be able to make your payments again. You just need a little help getting through the crisis. 2. A Life ...
What is Foreclosure?
Many people who are in Foreclosure don’t understand exactly what the process is. Even if you do think you understand it, this article may teach you something new. (Note: Please understand this is a very general discussion and laws vary by state. The purpose of this chapter is to give you an understanding of what is happening to you in this process, not to teach you every legal detail of the foreclosure process.) You may not have realized what you were signing in that big stack of papers when you bought your house, but there were two main documents – a ...
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