Should You or Should You Not Stop the Sheriff Sale?
Perhaps the even more appropriate question is can you or can you not stop the sheriff sale
. If a sale has been scheduled on your home, you are pretty far into the foreclosure process. Late fees, attorney fees for your lender, and possibly court costs have all piled up by now. So in addition to the regular payments that you are behind by, it is likely that there are also several thousand dollars in other fees that have added up.
Depending on your situation, it may not even be possible for you to save your home. If you do not know how much you truly owe your lender, try to get that information from them. Find out the total costs that you owe them for your back payments and all of the fees. Then ask yourself something: is that amount of money something that you can realistically pay back to the mortgage company? If the answer is no, you would need to get your lender to agree to change the terms of your loan and roll all of that money back into the loan.
Before you decide to try to stop the sheriff sale on your home, you also need to think about whether or not you can realistically afford the home. And not just the mortgage payments. Can you afford the maintenance on the home? Can you afford the utility bills? If you simply cannot afford the home anymore, it is best to come to terms with that and let the house go.
Should You or Should You Not Stop the Sheriff Sale?