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Archive - Mar 5, 2009

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Home Search

Submitted by skutsche on Thu, 03/05/2009 - 17:50
Search For Homes

Search For Saint Clair County Homes

Real Estate Help

Submitted by skutsche on Thu, 03/05/2009 - 17:44


After the Sheriff Sale

Submitted by skutsche on Thu, 03/05/2009 - 16:58

Sheriff Sale? - This is the actual date of foreclosure. This is the same date that you were notified of through the mail and the date that was posted on the home. You do not have to move out on this date.

Now What? – Your home has been officially foreclosed on and, will now show up in your credit report as such. At this point your home has either been bought or current mortgage company is retaining it. This is the start of the Redemption Period.

Foreclosure Options

Submitted by skutsche on Thu, 03/05/2009 - 16:54

YES – THERE ARE OPTIONS TO FORECLOSURE!

As we all know in these difficult economic times many people are losing their homes. You may very well know one of these people or even be one yourself. Whether a home is being lost due to a job loss or a decrease in wages, there are options. These options are still may not allow you to keep your home but, will help prevent a foreclosure.

SHORT SALE: This is when the mortgage company allows you to sell your home for less than the balance of your mortgage. Arrangements for a short sale must be worked out with your mortgage company prior to the sale.