How to Delay Foreclosure – Stay Living in Your Home for a Few More Years It is important to know that stopping a house that is going to be foreclosure will be easier if you have the general knowledge for the whole process. You need to understand and know the overview of the whole foreclosure process, first. You should know that the foreclosure process will have a lot of steps in order for the lender to be able to repossess your house. There will be a lot of different variables to be taken care of when under the foreclosure process. There are too many things that will be going on with the whole home foreclosure process that it could be hard to mention everything including the experience you go through. You need to know that during foreclosure process, it will be hard to estimate the exact timeline because there are just too many factors that will affect the whole foreclosure process. The whole process of foreclosure process starts when the person renting the home has not been able to pay the rent for several months already. The whole process will start off with the bank calling the person about the missed mortgage payment, the banks will call him or her because that person is lending from the bank. A lot of homeowners would try and avoid answering any phone call because it might be the bank. And this is where the lender will eventually decide to file for a foreclosure judgment because the person failed to pay and give a valid reason for it. The thing about the foreclosure process is that you will never receive a foreclosure notice. If you no longer receive any notices, that will mean that the lender has already made up his or her mind to kick you out.
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When you get the signal that the foreclosure process is already underway. You will be able to request for a hearing in the local circuit court if you want to press in on some legal issues as well. In this kind of hearing, it gives you the opportunity to be able to share your part of the story on how you were unable to pay the mortgage.All you have to do now is to tell your unique and valid story. This is because it will be pretty hard for you to win this case. A lot of people failed in this kind of hearing. This will mean that the judge will now approve the petition that your lender has filed against you which is the foreclosure process.
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You need to make sure that you have a professional to help you with your current issue. Be sure to have an expert that will be credible. You will have a higher chance of winning if you follow this guide.