If I have started to miss payments, should I continue to live in my home?
Yes you should continue to live in the home. You are in a far better position to save your home from foreclosure by continuing to live in and maintain it. If you vacate the property, you can run the risk of not qualifying for assistance. Although this is not always the case, it certainly can add more scrutiny on your situation if you vacate the property. If your circumstances require you to move out, you should continue to maintain the property. This means that all utilities should remain on, and during the warmer months the grass should be cut, during the colder months the heat should remain on.
What should I do if I get a foreclosure notice?
If you have received a legal foreclosure notice, please reach out to a professional right away. The longer you wait, the closer you get to foreclosure, and the fewer options you have. If you have received a notice to foreclose this means the bank is filing paper work and starting the process to take legal action to repossess the house. You still have time at this point to prevent foreclosure but do not hesitate!! The closer you get to the foreclosure date the harder it becomes to negotiate with the bank for whatever options you chose
This is just a few of the commonly asked questions I get. As always, if you need any more information feel free to contact me anytime.