"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."
"We were pretty shook up about losing our home. After all, we have been here over 30 years. But we refinanced our home to help our son buy his. Then he lost his job and went into foreclosure and had to move in with us. We were about to go through the same foreclosure process and then we'd have nowhere to go. We called 1st Foreclosure Prevention and then helped us understand a few things about how to stop foreclosure. I wish my son had called him as this could have helped him. But it did help us and we were able to keep our home, thanks to them. Our son is getting back on his feet, but he would have done better had he called them and not gone through foreclosure. We're pretty happy with the service they gave us."
"When my wife died, I thought that we would be okay. But I found out that we relied on her salary to pay the mortgage and bills more than I thought. She always handled the money so I didn't think that I was going to have a problem. But when she died, I found that I couldn't afford to pay the mortgage anymore. So I contacted this company that I found online called 1st Foreclosure Prevention. They gave me a free consultation and talked to me about options and what I wanted to do. They explained how important it was to stop foreclosure before it begins and were able to give me the help that I needed. I found out that I didn't have to go through with the foreclosure process at all and was able to save my home. Thanks to them - they really gave me the foreclosure help at a time when I was at my lowest point."
"We were really in a jam. I was on disability because of my back and it wasn't enough to cover the mortgage payments. My wife lost her job and got another one, but it didn't pay as good as the first job. Our house was heading for the foreclosure process and fast. But we didn't know what to do. It seemed everything was spinning out of control for us. Luckily, my wife found 1st Foreclosure Prevention online. We filled out the form for the free foreclosure consultation and got a call the next day. We talked it over with them and gave them more information. Then they gave us a case study of our situation that was really detailed. They seemed to really know what they were doing and they did because the stopped foreclosure for us. They got us out of a bad situation - we can never thank them enough."
"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."
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.
