"We were struggling every month to try to pay our mortgage and kept falling further and further behind on everything else. The place was a mess because we didn't have the money to fix it up, but we didn't think we could sell it because of the state of disrepair. My wife and I were like hamsters on a wheel, just trying to get through each day to make payments on a house we grew to dislike. But we knew that foreclosure would destroy our credit, so we held on. Then we found out about 1st Foreclosure Prevention. They were able to give us foreclosure help and even helped us with the sale of our home. We got to walk away from that mess and have started a new life, without a foreclosure on our credit report."
"I struggled so hard to buy my home for me and my children and thought I got a good deal on a loan. But then I found out that the loan amount was going to go up each month. I wasn't able to afford the new payments. I had gotten a new job after being laid off, but my new job didn't pay as much as the old one. I was really figuring that I was in trouble. I wanted to save my home from foreclosure, but didn't know how. I called 1st Foreclosure Prevention and they treated me with compassion and respect. They knew all about the law, too, and how to stop foreclosure. They gave me a totally free foreclosure evaluation and explained all my options to me. Because of them, I was able to save my home from foreclosure."
"The foreclosure process is a nightmare and I never wanted to go through with it. But I really didn't think that there was anything else that I could do. I tried calling the bank, begging them to help me modify my loan and got nowhere. I finally contacted 1st Foreclosure Prevention and they were able to modify my loan within a matter of weeks! I guess that they are better at negotiating than I am. It was really easy on my part, too, as I didn't have to worry about anything except getting them the right paperwork. They were really nice, helpful and helped to stop foreclosure."
"We were in way over our heads with our property. We bought it high and when the market crashed, we were upside down with our mortgage. We were about to file for a bankruptcy when we found out about 1st Foreclosure Prevention online. We decided that at this point, we had nothing left to lose. We were already resigned that we were going to probably lose our home anyway and our credit would be shot. We are so happy that we called for a free foreclosure consultation from 1st Foreclosure Prevention and got the foreclosure help that we needed. We did not have to file bankruptcy and the loss mitigation experts were able to work out a deal with our bank. Now our credit is back to where it was before we bought the property - thanks to this company."
"We figured that we'd be going through foreclosure no matter what. But we didn't know there were things that you could do to stop foreclosure from happening to us. We heard about foreclosure scams and were hesitant to even contact anyone for foreclosure help, for fear of getting scammed. But 1st Foreclosure Prevention seemed pretty legitimate. They helped us out and were actually able to stop foreclosure from happening to us. We got a free foreclosure evaluation and they were very informative as well as professional. We were pretty impressed with their experience and their knowledge of the laws in our state. We're glad that we contacted them as they really gave us the foreclosure help we needed."
"The bank was actually selling our house right out from under us! I didn't think it was possible, but we live in a state where the bank can start selling your home if you do not pay your mortgage. So we got a notice that they were selling and didn't know what to do. We weren't even sure we wanted to live there anymore as it was worth a lot less than what we paid for it. But we had no idea about the impact foreclosure has until we learned about it from a friend. We did want to be able to get a fresh start and didn't want a foreclosure haunting us for years to come. So we contacted 1st Foreclosure Prevention and they were able to help us stop foreclosure. They stopped the sale and then helped us sell our house. They really ended up saving us."
Home / Stop Foreclosure Laws And Procedures
Stop Foreclosure Laws And Procedures
The foreclosure process differs depending on the state in which you live. Some states will allow only a judicial foreclosure, which means that the foreclosure process must go through the court system. The judicial foreclosure process generally takes longer than the non-judicial foreclosure process in which the lender can commence to the sale of your property after you have defaulted on your loan, without having to go through the court system. In some areas of the United States, only a non-judicial foreclosure is allowed. And in many states the lender has a choice on whether they want to choose a non-judicial foreclosure or a judicial foreclosure.
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In addition to the foreclosure process that differs from state to state, so do the rights of the borrower and the lender in foreclosure sales. Every state gives the borrower different rights when it comes to redeeming the property to stop foreclosure. Some states are more lenient with the borrowers and some have special rules for homestead property.
Lender rights also differ from state to state. Some state foreclosure laws will not permit a deficiency judgment if the sale of the property in a foreclosure auction is less than the amount owed by the borrower. Some states only permit a deficiency judgment based upon the value of the property at the time of foreclosure and some states will permit a very liberal deficiency judgment course that the lender can follow and even reclaim legal fees incurred during the foreclosure process.
The foreclosure process differs from state to state. If you feel that you may be facing foreclosure, there are many ways that loss mitigation agencies can help you stop foreclosure, but the process used by loss mitigation specialists will depend on the state in which you live and the foreclosure process and laws in that state. If you feel that you might be heading towards foreclosure, you should learn as much as possible about the foreclosure process and foreclosure laws in the state in which you live. Remember that the foreclosure process is different in every state and in the District of Columbia, so learn as much as you can about the laws so that you can stop foreclosure.
