OVERVIEW

Foreclosure is a legal process where a lender (Bank, Mortgage Company, Mortgage Servicer) takes your home and sells it at a public auction to collect the amount that you owe. As a practical matter, most of the time prospective buyers don't even hit the minimum bid so the bank is stuck with the property.

One of the great myths about Foreclosure is that the whole process is simple, cut-and-dry, you miss payments so therefore you are out. IT'S ANYTHING BUT!

Here are some of the alternatives to forclosure: (a) Chapter 13 Bankruptcy (b) stay in home payment-free for up to 2 years (c) fix the mortgage and stay in the home (d) give up the home.

Your Information
Name
Email
Phone Number
Tell us about your situation:
Months behind on house payments
Auction scheduled?	Yes   No
Auction Date
Do you have any other questions or comments?