foreclosure avoidance

What Happens To Borrower After Foreclosure?

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What Happens To Borrower After Foreclosure? When a borrower loses their home to foreclosure and still owes their lender money after the sale, the remaining debt is usually referred to as a deficiency. Lenders can sue to recover this amount. What happens to the owner after a foreclosure? If you’ve stopped paying your mortgage, you’re

What Is The Step Before Foreclosure?

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What Is The Step Before Foreclosure? A notice of default (NOD) is sent after the fourth month of missed payments (90 days past due). This public notice gives the borrower 30 days to remedy past due payments before formally starting the foreclosure process. How long before a bank can foreclose on your house? Generally, homeowners