A sales date on a home means the home is going up for foreclosure auction on the county
court steps in a nut shell. Active foreclosure means the home is being processed for the
sales date process and basically the bank is crossing it's t's and dotting its's I's.
Is there anything you can do to stop this process..unless you are prepared to bring the loan current, and I am going to assume at this point you have tried one or more loan modifications and it has not worked out for you.
Your credit has already been hurt due to the non payment of mortgage, and having a foreclosure on your credit would prevent you from purchasing your next home for the next
7-10 years. You may still be held responsible for the remaing loan amount that the foreclosure did not cover.
Is there any relief for you ? It really depends on YOU.
This may be the time to try to salvage your credit by doing a short sale. If successful, the short sale will reflect paid as settle on your credit, or close to this variation. You will be able to
purchase your next home in 2 years from your sucessful short sale.
When you know you no longer can keep your home, the time is now to short sale and
move forward with your life to the next chapter.
Do not wait to the last minute when you receive the sales date, keep in mind the Realtor
needs time to secure a buyer that the bank will accept the offer from.
visit my website www.keystomyplace.com
Text me with any questions
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