Using Your Legal Right To Stop House Foreclosure
Every state has laws that govern foreclosure and the foreclosure process. You can stop house foreclosure if you know what those rights are and how to use them to your advantage. In many states, you have a right to cure option that can help you save your home.
This right to cure gives you the option of essentially coming up with the money necessary to reinstate the loan with your mortgage company. Word of warning though: there will be attorney fees, late fees and other “miscellaneous” fees that you will be expected to pay.
You will also need to file the appropriate paperwork in order to make this happen. For my situation, I had to file an intent to cure and had to find my foreclosure number, date that the deed was recorded on my property and the recording number for the deed. All of this information was fairly easy to find on the documents that my mortgage company’s lawyers sent me.
Using the intent to cure is a great way to help you stop house foreclosure but you will need to be prepared to come up with all of the money necessary to reinstate your loan.
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