Know Your Laws - Have Foreclosure Papers? Do I have to move now?

***DISCLAIMER***  informational only.

The site provides information about foreclosure law designed to help  safely cope with  legal needs. 

Legal information is not the same as legal advice. The application of law varies with an individuals specific circumstances. The laws of every state are in constant change,  we recommend you consult a lawyer if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular scenario

Go to http://www.foreclosurelaw.org/  (We DO NOT own or receive compensation for including this link)

Just received a les pendis?  What can you do?  What must you do to stay or sale your home and save your credit?  

Do I need to move today? (Know your State laws - Judicial States total process can take 180 day.   Some States such as Georgia file Judicial and Non-Judicial see the link above to determine).  

Confused and scared?  See our questions section decide

1. What you want to do?
2.  How much you owe?
3.  Do you owe more than your home current value?  How did you arrive at the amount you have?
4.  On an adjusted income if your income changed how much you can afford to pay?
5.  Terms of loan:  (length of time, payment include taxes and insurance, interest rate and did it adjust)?
6.  Work needed

 NEVER WALK AWAY!

Submit questions to us for review and analysis or contact a local source in your area.

Many individuals feel as though you have intentionally abused your income and you should have money to move.  Actually, we understand that income changes, added expenses and tragedies occur.  In short, you need a fresh start and there are some solutions.  The above link will let you know some important act such as:

Timeline before foreclosure

Are you in a Judicial or Nonjudicial State? 

Right of Redemption (even if foreclosure has occurred could you buy it back if you get funding?)

Are deficiency judgements allowed? (will  the lender make you liable for the difference between the foreclosure or short sale amount?)

Lender Specific Solutions could be numerous  e-mail questions for the next posting later this week.    Find out on the next post why we believe you should ALWAYS attempt your initial modification via your lender and DO NOT PAY.  

Future post will address:    If I must leave can I receive assistance with relocation/moving expense fees?     Should I pay for a modification?   Is paying for a modification with an attorney better? Specific questions and concerns.  http://helpingfamiliesllc.com/