subject: How to Stop Foreclosure Auction – What Can be Done? [print this page] Author: Hector Milla Author: Hector Milla
Home owners who really want to know how to stop a foreclosure option, can do something about it, but first they need to know what is happening. Most people dont buy a home with the intention of eventually having it foreclosed on. Their intentions are to make their monthly mortgage payments on time. Hector Milla Editor of the "Best Mortgage Loan Modification" website -- http://www.BestMortgageLoanModification.net -- pointed out; If you are one of the many who face having your house be put in the foreclosure auction, because of job loss, illness, death, divorce, debt, or any other feasible reason, then there are options out there Avoid having the Lender file a Notice of Default. Lenders dont really want to foreclose, but they have to protect their interest too, so they will file a Notice of Default to protect these interests. If you already know that you are going to have problems making that monthly payment, even before they have sent you notice, you need to contact them. Dont be embarrassed, or ignore the situation. It only makes the situation worse. Your lender may be able to help you avoid foreclosure auction, by suggesting the following. They may give you time to make up for payments, or they may forgive a payment. They can also spread missed payments over a longer time frame, or even change the terms of the loan. Its a matter of getting in touch with themH. Millaadded. Further information about how to get professional assistance with a mortgage loan modification by visiting; http://www.BestMortgageLoanModification.netAbout the Author:
Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.
