Foreclosure?

Posted By: Home owner on 2005-07-06
In Reply to: home loan foreclosure (sm) - worried

You don't know if your lender is foreclosing? Have you missed payments or given reasons for the lender to foreclose? Why in the world don't you know your own financial situation??

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home loan foreclosure (sm) - worried
- Went thru Same Thing 2 years ago this month! - MTMom
- Since your lender is an individual and not a company - Been there
  - You are amazing! - dolfan
    - Thank you...truly trial by fire but once you get over it you're stronger. nm - Been there
- Foreclosure? - Home owner
  - There's no need to be snotty or condescending here. - Oh, that was helpful.
    - thank you for coming to my defense (sm) - worried
      - is this with a mobile home company by chance? nm - wondering
- You should get written notification in the mail, - Yes
  - thanks for the info, pls see message, more ?'s - worried
    - Were documents signed initially that focused on such an event? - Lender notifies lienholder
    - I'm not sure how contract for deeds work - Not sure.
- what state are you in. May be able to tell you nm - Part time investor
  - I'm in GA - worried
    - Check the link inside. - Part time investor
      - contract to deed - not sure

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Other related messages found in our database

foreclosure
I heard on TV the other evening where some gutsy lady was demanding to see the mortgage. Since hers had been farmed out, they could not produce it and therefore could not make her move - for how long they did not know.

I pray something will happen to forstall this action. Don't give up. We are all in trouble these days.

home loan foreclosure (sm)
does anyone know the protocol for a home foreclosure. I believe my lender may be foreclosing, (it is a by owner sale, the lender is a person, not a company) but we have not been notified of anything. Does anyone happen to know how this process works? Should we have received something either in the mail or brought by the sheriff to our home?

MT Facing foreclosure question
Due to my ARM going up to almost 1000.00 on my house and my income plummeting due to lack of work I am facing foreclosure. I have not been able to make a payment since November when I last talked to Wells Fargo about a modification. They have not tried to reach me via phone or mail, just my usual bill, but it did state foreclosure preparation had begun. I have not received a formal letter yet asking me to vacate the premises. My question is, how long after they send the letter do they allow you to move out, or will they send me a formal letter or will the sherriff show up at my doorsteps putting me out?