Important Information for Homeowners in Foreclosure

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  Possession:

  The lawful occupants of a home have the right to live in the home until a judge enters an order of posession.

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  Ownership:

  You continue to own your home until the court rules otherwise.

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  Reinstatement:

  As the homeowner you have the right to bring the mortgage current within 90 days after you receive the summons.

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  Redepmtion:

  As the homeowner you have the right to sell your home, refinance, or pay off the loan during the redemption period.

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  Surplus:

  As the homeowner you have the right to petition the court for any excess money that results from a foreclosure sale of your home.

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  Workout Options:

  The mortgage company does not want to foreclose on your home if there is any way to avoid it.

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  Payoff Amount:

  You have the right to obtain a written statement of the amount necessary to pay off your loan. We will ensure that your mortgage company provides this statement within 10 business days of receiving the request, provided that the request submitted on your behalf is in writing and includes your name, the address of the property, and the mortgage account or loan number - all of which we will make sure to provide on your behalf. Your first tatement is for free.

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  Get Advice:

  Since the above information is by no means exhaustive, we encourage you to ask us any questions you might be having. It is important that you know that you have other options available for you to avoid foreclosure. We are here to ensure that you are familiar with all the alternatives you can take advantage of when it comes to home loss mitigation.