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Foreclosure – How to Live in Your Home For Over 2 Years
The time frame for a foreclosure is described as the time you miss making your first mortgage payment until you are served with an eviction notice by your county’s sheriff’s office. A basic foreclosure takes anywhere from three to six months if you do not fight it.
You can expect the financial institution to start phoning you after the first few days of your missed due date. If you have already missed one payment or more, you have already been contacted probably numerous times. If you ignore the calls and do not contact them back and you do not respond to three collection letters, you will be receiving a Foreclosure Summons.
You have twenty days (time frame will be stated- depends on your state), to set a hearing before a judge to give your detailed side of the situation and supply the reason why you are defaulting on your loan. Be prepared! Most hearings are denied. This is just a way to stall.
Once you lose your hearing, the judge will then tell the financial institution to go ahead and foreclose on your home. They will then proceed to sell your home at the local property auction. The time frame to leave your home is about one week or you will be evicted by your local law enforcement.
As I stated, the time frame can vary greatly depending on how you handle the situation. Some homeowners have been evicted from their homes in about three months after their first unpaid month. Others have happened in around six to seven months. If you are determined to fight the process, you maybe able to live in your home for two years or so. This is after the foreclosure has been started too.
You do have options along with your foreclosure. Some options to check out are the following:
1. A Special Forbearance.
2. Deed-In-Lieu Of Foreclosure.
3. A Pre-foreclosure Sale.
4. A Partial Claim.
5. A Mortgage Modification.
The above options are not meant to guarantee that you will be able to keep your home. In some cases, you may get evicted even sooner. These are just some things to consider and talk over with a professional in this field.
There are ways to delay the process of foreclosure and to keep living in your house without making your payments even without qualifying for the Obama’s Loan Modification Plan or any type of program along these lines. Most persons do not know the ins and outs of the strategies that are out there for fighting your foreclosure. You could save thousands of dollars by fighting your foreclosure and living in your home free of charge.
Wounded Warrior Project Receives Over $10,000 From Advanced Charitable Services, Presented By Norwell And Plymouth Based Advanced Mortgage Services
DATELINE: NORWELL AND PLYMOUTH, MA
Wounded Warriors Project, a national organization that helps wounded veterans of the Iraq and Afghanistan engagements, received a financial boost via a check for $ 10,500 from Advanced Charitable Services based in Norwell, MA.
The sizable donation was raised via a golf tournament recently held at Southers Marsh Golf Club, Plymouth. More than 85 golfers participated in the fund-raiser which included a round of golf, dinner, awards and auction.
“We are delighted to help out the veterans who paid a high price for our freedom,” noted Brian Comer, President of Advanced Mortgage Services. He added, “The spirit and the success of this initial event have inspired us to make it an annual outing and fund-raiser for this great cause.”
Michele Comer, Senior Vice President of Advanced Mortgage Services based in Norwell and Plymouth, Mass., formed Advanced Charitable Services, Inc., a non-profit organization to promote and raise funds for worthy charitable causes.
Linda Perry, Area Outreach Coordinator for the Wounded Warrior Project, was on hand to accept the check and noted, “This kind of contribution and community effort help raise the spirits of our wounded Iraq and Afghanistan vets, as well as help to fund the programs and services that the Wounded Warrior Project offers to help them to rehabilitate and assimilate back into the civilian world.”
Wounded Warriors offers a range of programs, services and events designed for an individual’s needs beyond a vet’s hospital stay. Services range from combat stress recovery, peer mentoring, family caregiving, benefits counseling, advocacy, disabled sports programs, and backpacks stocked with necessary items for vets as they are discharged from a medical facility.
The mission of the Wounded Warrior Project is to honor and empower wounded warriors. Its purpose is to raise awareness and to enlist the public’s aid for the needs of severely injured service members, to help severely injured men and women aid and assist each other, and to provide unique, direct programs and services to meet their needs. WWP is a national, apolitical organization headquartered in Jacksonville, FL.
The next golf tournament/fund-raiser for Wounded Warriors is scheduled for this summer. To participate, contact Stacey Jordan, (800) 337-4660.
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