Quote:
Originally Posted by Bonka
Lenders try to avoid foreclosure if possible. The title owner(s) should be speaking with their lender as to alternate options available to avoid losing the home altogether. How long has this been going on?
Depending on the amount of defaulted payments and circumstances the lender could stop proceedings if the outstanding balance PLUS legal fees and processing charges are paid to date.
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the property was listed for sale back in early july, at that time my family though they were just selling the house. later on we learned that its cause they owe the bank money. how long has it been going on or how many payments were missed i dont know as like i said, distance relatives as the kid tried to pull a stunt on me before so ever since then i never spoke to that family anymore. at this point from what i've learn, the parents still dont know their house is being sold off as the parents r being deceived by their "supposedly" good son. what i want to know is the whole process of being foreclosed, starting from missing payments. from what i understand, the property is under the moms name, and the mom is only here a few days of the year, n im pretty sure theres got to be some documents the title holder needs to sign for this process to start? again mayne some shady stunt pulled by the son again lol.