Southern California Home Info
How Can I Stop the Foreclosure?
There are two basic ways to stop a foreclosure and there may be some other ways to "Stall" a foreclosure.
1. You can stop a foreclosure by bringing the loan current by paying what you owe to the lender plus any late fees.
2. You can stop a foreclosure by selling the home as when the home is sold, the note is usually paid off. Do not confuse selling your home to a fly by night investor who offers to get rid of your problem and has you sign your deed over to them. This should never be considered as selling your home. You will still be on the hook for the loan and more than likely just put yourself in a much worse situation. This should be considered as a huge mistake.
If your home is not upside down you can list your home for sale with a local licensed Real Estate Broker - Realtor.
If your home is upside down I suggest you go to the upside down page and review your options with a Real Estate Attorney and a CPA. There are future implications and knowing your options is a great start.
As a California Licensed Real Estate Broker, I can offer to list your home for sale as a "short sale" and in part ask the lender to accept less than what is owed on the loan.
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