As a matter of fact, foreclosure is one of the most feared tragedies by homeowners. This is because losing a hard-earned asset or house is not just sad but also devastating. This is because it is not the will of a homeowner to lose an asset that he or she has worked for a long period of time. This will happen because the person has been faced with inevitable circumstances that have made him or her unable to raise the repayment money or mortgage installments.
However, according to We Buy Houses Home Buyers, there are certain things that can be done in order to Stop Foreclosure. Therefore, those homeowners who are faced with these problems, they can seek help and guidance form these Home Buyers where they will get Foreclosure Help.
It does not matter the reason as to why you are faced with foreclosure, but these We Buy Houses Home Buyers are ready and willing to offer Foreclosure Help and assistance. There are certain stages and reasons that will make you lose your property through foreclosure. These stages include.
1. Missed payments.
Actually, you can miss to pay the house and still continue owning it but for a certain period of time. In most state, the lenders will initiate a foreclosure in case you are unable to raise the repayment money for a period not less than three months or ninety days.
In order to Stop Foreclosure, you need to seek advice and guidance from a Home Buyer before ninety days are over. If this period is over, it is the first stage of foreclosure. Therefore, you can still get Foreclosure Help from real estate dealers and specialists as well as We Buy Houses companies and agencies.
2. Pre Foreclosure.
In case you have not been able to raise the repayment money for the last ninety days or three months. The lender will automatically record a public notice indicating that you have defaulted the lender mortgage repayment. This notice is then sent to you using the most appropriate method.
This is the NOD or notice of default. Since it is a grace period given to you, you can opt to Sell My House Fast to a Homebuyer so that you will not lose everything. This is another stage where you can Stop Foreclosure.
On the other hand, according to Home Buyers, you can seek legal coverage, file a bankruptcy policy cover or seek other Foreclosure Help methods such leasing with the lender. In this stage, you need to make sure you have done all you can to Stop Foreclosure before auctioning is done.
Get further details here https://en.wikipedia.org/wiki/Real_estate_investing.