You have the “Right to Speak”
directly with your lender (lien holders), free of charge. You do not
need to pay a company to do a loan modification. Each lender has a
system in place for homeowners to facilitate their own loan
modifications, for free.
You have the “Right to Live” in your house while it
is in the foreclosure process. Once the foreclosure is filed with the
Public Trustee in the county where the house is located, you have
110-125 days (approximately four months) to occupy the home before
anyone can ask you to vacate the premises.
You have the “Right to Sell”
your home even after the foreclosure process has started. If the home
has equity you can sell it as a conventional sale. If the value has
dropped and you owe more on it than its current market value, you may
qualify to sell it as a Short Sale.
You have the “Right to Consult”
with a Foreclosure Counselor free of charge. There are non-profit
organizations that will consult with you to help weigh your options when
faced with a foreclosure, such as a HUD approved Foreclosure Counselor.
Call the HOPE hotline at 1-888-995-HOPE (4673) ™ or www.hopenow.com.
They can help you analyze your current financial situation and begin to
explore your options for saving your home.
You have the “Right to Cure”
the defaulted loan and stop the foreclosure 100%. During the
foreclosure process you have roughly four months to pay all of the past
due amount plus fees and save your house by curing the loan. You must
file the Intent to Cure with the Public Trustee at least 15 days before
the scheduled public auction sale date.
You have the “Right to Be Protected”
against scam artists. The Foreclosure Protection Act was created in
2006 to protect distressed homeowners from Equity Purchasers that were
taking advantage of people in difficult situations. The punishments
for violation of the Foreclosure Protection Act are fines up to $25,000
and one year in prison.
You have the “Right to Be Informed” about
all of the options for saving your home. There may be more
opportunities for you to avoid foreclosure than you realize. We will
meet with you for a FREE, no obligation, private consultation to explain
your options for saving your home.
We will provide you with additional
information about foreclosures, loan modifications, short sales and more
to help equip you with specific knowledge so that you can make informed
decisions regarding your home, your rights, and the future for your
FOR A FREE CONSULTATION CALL
All consultations are held in the strictest of confidence. Your information will never be shared.