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Home Owner Tips to Fight Foreclosure
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Daily Real Estate News | September 7, 2010 |
1. Work with the time you have. Foreclosure can be a long slog, which gives you enough time to come up with an alternative. If your goal is to salvage your home, keep up with payments for homeowners insurance and property taxes. Otherwise, you could get hit with an uncovered casualty loss or liability suit, or tax liens.
2. Determine the foreclosure laws in your state. What’s the timeline? Do you have “right of redemption,” essentially a grace period in which you can reverse a foreclosure? Are deficiency judgments that hold you responsible for the difference between what your home sells for and your loan’s outstanding balance allowed?
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Your Minooka Real Estate Agent! Contact Us Today!
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