Q: If I go into foreclosure, how will this affect my credit?
A: A foreclosure stays on your credit history for up to 14 years.
Q: My credit is bad, am I wasting my time?
A: No. Almost everyone who has fallen behind on house payments have had some credit problems in the past. We help people regardless of credit.
Q: Why did my mortgage company send me my payment back?
A: After your mortgage company accelerates your loan, they no longer accept a payment less than the full amount due. They are likely to send it back to you, asking for the whole amount.
Q: What do I do if someone stops by the house?
A: It is possible that bank representatives will come by and look at your house. This is their way of evaluating the condition of the collateral on your mortgage. The bank may be checking that it is not vacant.
Q: How much time do I have?
A: It depends on which lender you obtain the mortgage for your property Time is no friend when you're behind. Take steps to get yourself caught up. The longer you wait, the more you pay in court costs, late charges, and attorney fees.
Q: I've received papers from the court. Do I have to attend on the
hearing day?
A: You have the right to appear, but are not compelled to do so. The purpose of a hearing is for the mortgage representative to validate the debt. They show the judge that the loan made to you was a legal one, and that the foreclosure sale should be scheduled the next month. If you feel the mortgage company has not properly posted your payments, or is wrongfully foreclosing, you have the right to explain your position.
Q: Can I get help immediately?
A: Yes. You may apply for assistance right now. Just fill out the application and we will contact you within 48 hours.
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