What to Expect in a Foreclosure Procedure
When you go through foreclosure, it is important to know how the foreclosure procedure works so that you are prepared every step of the way. Some of the first things you can expect are:
- Getting calls from your bank. Before your house goes into foreclosure, you will get calls from your bank. Repeated calls. Take these calls and try to work with whoever is on the end of the line. This is your best shot at being able to stop foreclosure before it even starts.
- If you either don’t take the calls from your bank or are unable to work with your bank, you will then get foreclosure papers. Be sure to read these papers because they will tell you what to expect, what court dates are set and what your legal rights are. This will also tell you who your bank’s attorney is.
- A foreclosure sheriff’s sale date will also be established as part of the foreclosure procedure. Once this sale date is established and published (it will be published in some sort of local paper), you can expect the con artists to come out of the woodwork. There will be people who start calling and sending you letters to try to convince you that they can help you save your home. Beware of these people! Do not sign anything that you do not fully understand and do not hand over any money to these people.
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