Foreclosure usually begins 90 days after the last payment. After 120 days, the lender must issue you a notice of intent to sell. They will sell the home at a public auction. So long as the deed has not been transferred to someone else, you can stop the foreclosure at any time, including the date of the auction.
If you’re facing foreclosure, you might be able to stop the process by filing for bankruptcy, applying for a loan modification, or filing a lawsuit. If you’re behind on your mortgage payments and a foreclosure sale is looming, you might still be able to save your home.
The foreclosure process that homeowners are finding themselves in today is incredible stressful and frightening. Many may find that they have even fewer options now than they did a few months ago. There is one more option. You could find an established real estate investment firm that can buy your home for cash and allow you to sell your home fast. Often times, investment companies can find a foreclosure and purchase it in a matter of days.
That’s why, worry no more, check on this video and it might help you not facing that foreclosure.