| This article will help give you tips and hints on how | | | | unusual reason why, then most probably you will |
| to stop a foreclosure. Foreclosure is a process in | | | | lose this hearing and the judge will let the |
| which the bank or mortgagee gets your property | | | | foreclosure proceed. |
| from you, removing your right to redeem it. It | | | | After the court give the bank the court order, |
| has a lot of variables and is almost impossible to | | | | your property will be sold at a local auction and |
| give the exact steps that a foreclosure will | | | | you will be given 1 to 3 weeks, depending on your |
| undergo as well as the timeframe in which it will | | | | State to leave the property. Otherwise, the |
| begin and end. | | | | sheriff will forcefully remove you from your |
| The process starts right after you become | | | | home. |
| delinquent in paying your mortgage for about 2 or | | | | This process will differ depending on the lender |
| three months. The mortgagee, usually the bank, | | | | and the State where you are at. The steps |
| tries to get hold of you by means of a phone call | | | | generally remain the same. The time that the |
| or letter informing you that you are late in your | | | | foreclosure will start depends on how aggressive |
| payments. A lot of homeowners usually never | | | | you are in delaying the process. |
| answer those types of calls. | | | | Your knowledge of the legal process and how to |
| A foreclosure judgment is filed by your lender at | | | | use the law on your favor can get you a step |
| your local court house and a summons will be | | | | ahead of your bank and the opportunity to stay |
| sent to you telling you that your bank has initiated | | | | in your home for a longer period of time. |
| a foreclosure proceeding against you for late | | | | Generally speaking, the foreclosure process can |
| payment. | | | | be between 2 to three months. Some |
| During this point in time, the foreclosure process | | | | homeowners can delay the process for long as |
| gives you the opportunity to request a court | | | | three years. The bottom line; how long can you |
| hearing. You can require that the judge hear your | | | | stay on your property will be up to your ability |
| side and your reason why you have been delayed | | | | and the strategies you employ to continuously |
| in making payments. If you do not really have an | | | | delay the foreclosure process. |