subject: Stop Foreclosure In San Antonio Now...communicate With Your Lender And Get Help For Those Late Payme [print this page] Allowing your home and property to go into foreclosure is the last thing on the mind of any homeowner, but walking away from your mortgage can sometimes look like an option with the tough times we currently face. Allowing your property to go into foreclosure is rarely the right decision. There are many other options out there for you to stop foreclosure San Antonio if your home is in default and you are in a financial reversal situation.
These methods can give you enough time to get back on your feet through manageable payment arrangements with the bank or discuss the short sale option of your home with a real estate investor. Putting the foreclosure process on hold is a daunting task even for investors and lenders who have years of experience. It is for this reason that keeping communications open with your loan officer is of paramount importance. If the bank understands your situation because you communicated it to them they will gladly assist by giving you other alternatives to help you keep the property so you won't simply walk away from your mortgage.
On the other hand, if you've stopped taking calls from the bank and ignored the foreclosure notices they sent as it will be harder to convince the bank to take a home off the auction list. Keep in mind to do the steps necessary to stop foreclosure San Antonio well before the planned auction date so you can effectively prevent or delay the sale. If you intend to short sale your home, you're going to need much more time with all the information and negotiations needed so this must be planned well ahead of the scheduled auction date. However, there are plenty who keep up with the bank about their mortgage and work hard to keep up payments or partial payments before the bank's loan officers are forced to file foreclosure.
Should you be close to foreclosure you can probably put this off a little bit longer by letting the bank know that you are trying to put together a short sale. By continuing to make partial payments, you buy yourself a month's worth of valuable time. Sometimes the bank won't offer an extension refusing to delay the foreclosure unless those mortgage payments. In the event the bank decided to proceed with the foreclosure process, be on the lookout for alternative financial and housing options that may be applicable to you and to your situation.
It would be a good idea to send a copy of the extension notice, if possible hand carry it, to the attorney handling the foreclosure process so you can guarantee yourself an extension. Make sure you call and confirm with the attorney's office that the extension was received. Once you get confirmation from the attorney handling the foreclosure, also confirm with the auction house that the extension is honored and your property is not up for auction. Or you can do this by requesting a copy of the current auction list so you can check for yourself.
As you can see, there are many ways to stop foreclosure San Antonio so you can keep the property. These methods may be effective for most, but there can still be cases in which these doesn't apply. If you keep the lines of communication open with your bank then you can avoid going into foreclosure because they want to work with you to save your house.
