what to do when foreclosure sale happens?

Answer 1

Nancy, first of all I'm sorry to hear you're having to go through this. If your home hasn't already been sold, then you may be surprised at the number of ways you can save your property or at least minimize the damage done to your credit. Your options depend on too many factors to go into here, but feel free to contact me and I'll review them with you.

If the sale has already occurred, then I suggest that you exit gracefully, not damaging the property as many disgruntled foreclosure victims do. Why lower yourself to that level of behavior?

My Yahoo Instant Messenger is trackin_vette. Feel free to contact me if you like.

Chuck

Answer 2

From your question, I do not know how far along you are in any foreclosure proceeding. However, unless you find a way to pay your outstanding deficiency and convince the lender to continue along with you, start preparations to move elsewhere. Foreclosures can be lengthy processes, sometimes up to 18 months in length, until all necessary notices are given, a deficiency judgment entered, and a sheriff sale scheduled.

Answer 3

whilst a foreclosures runs to its end, there are 4 achieveable consequences. First is, the abode proprietor will pay off the non-public loan, generally by way of a refinance, yet specially circumstances by way of funds. Secondly, The abode proprietor sells the valuables for the completed volume of what’s owed on the non-public loan. the home is offered at a public public sale based upon the state. Or the financial company takes possession of the valuables. This generally happens whilst there are not any bidders on the valuables on the familiar public sale, or no person bids severe sufficient to fulfill the lender. Banks may additionally take possession of the valuables by way of a deed in lieu of foreclosures affiliation with the abode proprietor

Answer 4

make sure that you have all of your belongings out by the date that you are told. You have already lost your house.