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Brentwood, CA, United States, 2006/06/19 - Stop Foreclosure Now! If you have a sale date set, or even if foreclosure proceedings have just started, you still have options.
Stop foreclosure - You are "In Foreclosure" when you hit 120 days late on your payments. BUT, when you hit 60 days late partial payments are not generally accepted. Unless you now have 3 months payments (the 2 missed and 1 you're in) + penalties you will find yourself - "IN FORECLOSURE".
In California, if your house payments are more than a month behind, your lender may have already started foreclosure proceedings. As time passes, penalties and legal fees can be added to the balance you owe in addition to accrued interest. It is in your best interest to stop your foreclosure now.
Many people in foreclosure don't know that they can stop the foreclosure proceedings. Even if you have a sale date already set, you do still have options. If you have equity in your home, you can refinance to pull cash out, come current on your mortgage, stop foreclosure, and set up a game plan to either sell your home and purchase one that will give you an affordable monthly payment, or to get the financing that would bring your payments in line with what you can afford monthly.
With the right help, many foreclosure situations can be resolved. Yes, you can stop foreclosure. Please feel free to call in regards to your foreclosure situation here in California. Remember, to stop your foreclosure, you need to have the facts, and you need to act. Many people believe the problem will resolve itself. Eventually it will, with a trustee sale of your home. Even if your home does need to be sold, it is usually in your best interest to sell it yourself so you can walk away with any accrued equity in the home.
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