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Details for Stopping Foreclosure It would be best if you just have general knowledge about the foreclosure process so that you will not be cons fused about your rights and about what you could do to stay in your house longer. First things first, you need to know the overview of the whole foreclosure process. The foreclosure process will have different steps to be done by the lender so that he or she will be able to repossess your house. There will be a lot of different variables to be taken care of when under the foreclosure process. It will be impossible to say everything in all different aspects that will be happening while you go through the whole home foreclosure process. The timeline will be hard to determine because of the reason that there are a lot of factors that could happen that would affect the foreclosure process. The whole process of foreclosure process starts when the person renting the home has not been able to pay the rent for several months already. The banks will obviously contact the person who has missed mortgages and informing him or her about it, that is the process of it all. Some homeowners would try and avoid picking up the phone because it might be the bank calling. And this is where the lender will eventually decide to file for a foreclosure judgment because the person failed to pay and give a valid reason for it. You will never receive a foreclosure notice, that is the common for the whole foreclosure process. This will mean that the lender has already decided that you are no longer welcome to stay in his or her home.
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When you see the notice about the foreclosure process, you will be in big trouble. You can either leave it be or you can also bring the issue in a local circuit court if you want. In this kind of hearing, it gives you the opportunity to be able to share your part of the story on how you were unable to pay the mortgage.You can only hope that your situation is unique and valid. It will be very hard to win this kind of case with a normal story. Majority of the people who requested for this kind of hearing, lost. This will mean that the judge will now approve the petition that your lender has filed against you which is the foreclosure process.
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That is why you have to have a professional with you on this part of your situation, this is to ensure that you also get to have expert help. Be sure to have an expert that will be credible. You will have high hopes of winning if you have a professional to help you with the whole process.