So you got THE letter. First impulse is to put it away and get on with the rest of your life. Bad impulse.
There are protections and timelines built into the foreclosure process, whether you live in Michigan, Ohio, California, Canada, or anywhere else. Hiding the letter and letting the foreclosure control you means giving up those protections and speeding up those timelines. The absolute worst thing is to do nothing. Let me explain further:
IF YOU DO NOTHING, THEN THE BANK WILL GET SOMEONE TO TAKE YOUR THINGS AND PUT THEM ON THE CURB OF WHAT USED TO BE YOUR HOUSE.
Get legal advice. You might think you can't afford it, but you really can't afford not to.
Respond to that first letter from the bank. They sent it because they have to and they are hoping you ignore it so that they can move on in the process. Don't make them happy.
If you can get help from your family, then do so. This is no time for pride. If you feel embarrassed, imagine how you'll feel if you don't tell them until things are much worse.
Do your research. You can learn a lot online. You are not the first. I'll help get you started:
You got a letter? http://realtytimes.com/rtpages/20130613_foreclusures.htm
Finding an attorney. http://realestate.msn.com/article.aspx?cp-documentid=27143247
No comments:
Post a Comment