Saturday, January 7, 2012

What are the steps of forclosure and time it takes to happen will I have days or weeks get out?

If you bought a home for 170000 in cash paid in full and two years later you get a lender to give you a 55000 equity loan when you shouldnt of been aproved with no job disabled on social security your payments are 550.00 a month and your told within 1 yr it would be lowered to 450.00 a month but your lender sells your loan to a collections so the payment stays 550.00 a month and you are behind in payments aprox 3300 behind and you recieve a letter saying pay this 3300 amount within 30 days or else we will start forclosure 30 days is monday what happens next I can't barrow or get anymore loans or extensions unless I come up with 2000 I cant no way possable.So what are the forclosure steps how long do I have can they come remove me etc I have no clue how forclosure goes down and what to expect will I get anything money wise from home?time to vacate?is there any places to turn for help when I was took advantage of with no income and disabled or can anyone tell me how forclosure goes down step by step so I'm not caught unexpected no where to go or store my belongings animals etc anyone know what happens or if i can stop this before winter and im sleeping in car

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