Times have not been the best.
And just like many others, you fell on hard times.
You knew it was coming. The dreaded foreclosure letter.
This does not mean the end!
You start packing.
Wait.
Consider the following;
1. Foreclosure summonses have a 30-day expiration date. You must answer your summons and complaints before the expiration date.
2. Plan and prepare a defense. After you submit your answer to the summons, you have 90-days to submit a full and meaningful defense explaining why you’re in foreclosure.
3. Start arbitration hearing. Negotiate a settlement between you and your lender.
4. Try to reach a settlement. After settlement is reached, you are offered a settlement proposal that is signed by both parties. The settlement is likely to include either a loan modification or a short sale of the house.
5. You can do this If you make three consecutive payments of the loan modification agreement, the foreclosure case is dismissed.
If you can’t meet the terms of your settlement because of work, the kids or just life and it is all a bit much.
Don’t’ stress.
The team at Capable Home Buyers has years of experience helping people with this very issue and always keeps up with the Ever-changing rules when it comes to foreclosure. Call 757-699-1201 today For an obligation free consultation www.capablehomebuyers.com Time may not be on your side, but we are.