How Do You Stop The Home Foreclosure Process?
Have you received a Notice of Default? If so, there are steps you can take to stop foreclosure. Unfortunately, there is almost no way that you will be able to retain possession of your home, but stopping foreclosure should be attempted for the sake of your credit and future home. It will take a lot of time, stress, and work, but stopping foreclosure could be a reality. Contact a Realtor, and Weigh Your Options Contact a realtor immediately to find out your options. If the realtor feels that you’ll be able to sell your home, quickly, for at least the amount that you owe to your lender, then this is the best option for you. The housing market isn’t great right now, but if your realtor feels he or she can sell your home quickly, then this is the way to go. Consider a Short Sale You might be able to do a short sale if your home is worth less than the amount you owe. A short sale will negatively affect your credit, but it’s not nearly as bad as a foreclosure. You’ll need the cooperation of
