Stop the Sheriff Sale When It’s Looming
Saturday, January 15th, 2011If you are facing a foreclosure sale on your home, the clock has already started ticking on how long you have to save your home. A sheriff sale is one type of foreclosure sale. What a foreclosure sale is called depends on what state you are in and on what type of a foreclosure you are facing. But what you really want to know is what can you do to stop the sheriff sale?
If the sheriff sale date is close and you know that you do not have the financial means to save your home and you have tried but failed to work out a solution with your lender, a deed in lieu of foreclosure may be your best option. In this situation, you basically agree to give you house to your lender in exchange for not having to go through foreclosure. This will be beneficial for your credit and save you from further headaches with your home and your lender.
Another option you have is to try to get your lender to give you more time to come up with the money that you owe them. If you believe that you can come up with all of the back payments that you owe them, tell them how you plan to do it and how much time you will need.
ACORN STOP foreclosure SALE IN BALTIMORE