Home Foreclosure Help

The home foreclosure help page provides you with information explaining the foreclosure process. Below are the steps usually followed in the foreclosure process:

1. You (and other lien holders) are legally notified that you are in default.

2. You are given a certain amount of time to cure the default (make the required payment).

3. If you don't make the required payment your note is accelerated meaning you must now pay the total amount of the loan.

4. The foreclosure auction sale is advertised.

5. The property is sold to highest bidder.

6. There's a redemption period (its length depends on the state) in which you have the right to pay the loan off and still keep your property.

7. The new buyer gets title after this period has expired.

As you can see, this is a lengthy process. Don't move out. Take advantange of this time to get help in preventing the foreclosure. Click on the link below for helpful resources in the foreclosure process.

Click here to go from the "home foreclosure help" page to the "Help Preventing Foreclosure" page.