Timing is Everything: Stop Foreclosure Sale

To best prepare yourself to stop foreclosure sale of your home in Gilbert, Arizona, you need to be aware of several different things that are important regarding the foreclosure sale date. The first thing that you may not be aware if you are trying to stop foreclosure sale, is that the sale date is not chosen by your mortgage company. The court decides when the sale date is. Often times, despite the fact that you are trying to stop foreclosure sale of your home, the state law determines when the sale date will be. State websites and local county courthouses are a good place to start if you are looking for information on how to stop foreclosure sale. Either the internet, the phone book (look under government listings), or the courthouse should be able to give you a phone number that will lead to some answers as to how you can stop foreclosure sale of your home, how much time you have, and what needs to be done.

The second thing to consider and is important to know is that the mortgage lender or bank lender can have their lawyer request that the sale date be delayed by requesting a continuance. This is not a stop foreclosure sale, just a small set back to the sale of your home. The mortgage lender will often file for a continuance if you show that you will try to work on a solution to the problem with them. Remember, all they want is the money. So, sometimes, you will be able to find an amicable solution. That would be the best way to stop foreclosure sale, by working with the lender to find a solution that fits both your needs and their needs. Several people have successfully delayed the sale multiple times by having the lender file for a continuance. This delay helped those people in Gilbert, AZ to stop foreclosure sale completely eventually.

Now that you have a little more insight as to how the foreclosure process works and who is determining the sale, you might be able to successfully delay the sale, but how can you stop foreclosure sale completely? Often times, once the process has started, it is tough to stop foreclosure sale. The mortgage company can withdraw from the foreclosure, but that isn’t likely. So, consider this alternative when you can not pay your mortgage…..the SHORT SALE!

The short sale is a great way to stop foreclosure sale. You can get the entire mortgage paid off buy a new buyer. If the home sells for less than the mortgage, the lender may forgive the remainder of the loan. So, while you stop foreclosure sale, you don’t get to keep the home. However, you do get out of a giant piece of dept and you keep your credit in tact.

For more information regarding short sales go to: http://short-sale-arizona.info/

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