Generally foreclosure is a legal process that allows your mortgage lender to seize your property.
A foreclosure happens if you owe in payments or back taxes. However, it is important to know that just because a lender or county files a foreclosure complaint, it doesn’t necessarily mean they will automatically win and take possession of your home.
The Law Offices of Morton J. Grabel would like to share some helpful tips you should follow if you are having trouble paying your mortgage:
- Work With Your Lender – Reach out to your lender and explain your situation. If your problem is temporary, such as unexpected medical bills or you are out of work, the lender may give you a reprieve until you have your head above water.
- Try To Modify The Loan – Believe it or not most lenders doesn’t want to foreclose on you and they may be willing…
View original post 263 more words