Act Now to Stop Foreclosure and Save Your Home

The biggest mistake you can commit when you fall behind on your mortgage payments is to wait too long to tell your lender what is going on. It’s never too late to do anything but to prevent foreclosure, it is better to be proactive than reactive.

Acting fast is very important. It is extremely important to contact your lender as early as possible, after you find yourself unable to make your loan payments. Most of the major lenders have programs for mortgage modification, forbearance, or other remedies that can help you prevent foreclosure. More than half the people who go into foreclosure never respond to letters from the lenders, nor contact the lenders. Your options become limited as time passes by. Contact your lender immediately and tell the lender about your situation. Once you contact your lender, they can allow payment delays, mortgage modification, and come up with new repayment plans, or they may negotiate a lump-sum payment.

When it comes to preventing foreclosure, every minute counts. Early contact – within the first 15 days of missing a payment – is critical in saving homeowners from the devastation of foreclosure. More than half of those in foreclosure did not call for help when they fell behind in their mortgage payments. Do not hesitate to contact you lender. There is nothing to fear about or be embarrassed.

You can get emotional or fear contacting the lender when you face foreclosure. But you must contact the lender. You are not alone. There is nothing to be embarrassed about missing a mortgage payment.

Remember your loan servicer – who you get your monthly statements from may be different from the one who actually owns your loan. If you are not sure whom to contact, call the number on the statement and they will advise you.

Explain your situation to the lender. Once the lender appreciates the situation, he may come up with a workable suggestion. Remember, all this time his aim would be the same as yours – you are able to pay and the house remains in your hands. This can be done by increasing the number of installments which you were required to pay. This will ease the situation for your and lender’s money also remains the same. In fact, as a simple calculation may tell, the lender gains financially. Depending on your situation and the status of your mortgage, there may be different options available to you including restructuring.

• refinancing
• selling your home
• deed in lieu of foreclosure

Be honest about your situation, so they can help you find the right solution. Lenders usually offer a variety of solutions for people who have fallen behind on their mortgages including temporarily reducing or waiving payments, setting up short-term repayment plans to help you make up the deficit, adding the unpaid balance to the principal of your loan and increasing your payments slightly to cover the extra amount, refinancing the debt, arranging a repayment plan or modifying the loan by adjusting the interest rate or extending the terms to make it more affordable. These options are discussed in detail in the following chapters.

However, if your situation is really bad, the lender may even agree to make other concessions. For example, the lender may be willing take less money in settlement of your dues. Once the lender realizes that the situation of the borrower has become very nonviable, it is time for the lender to retrieve whatever possible from a potentially bad situation.

If the lender feels that the only way of saving the situation is to reduce the financial burden on the homeowner, the lender may also agree to reduce the interest.

The lenders have even been known to reduce the principal. It all depends on what sort situation the borrower finds himself in. It goes without saying that the lender will not be happy to do this, but then again, he has to reassess the circumstances and then decide.

If you cannot keep your home, your lender can work with you to avoid foreclosure and reduce the negative effect on your credit reputation. For example, the lender can permit a qualified buyer to take over your mortgage debt and pay the mortgage payments, even if the mortgage is non-assumable. As a result, you may be able to sell your property and avoid foreclosure.

Don’t just sign your home away and walk out. Negotiate. Whatever be your situation, never ever enter into any deal without consulting an attorney. Never make an impulse decision. Your instincts will drive you to make quick decisions in order to resolve defaults as soon as possible. Before taking any decision, weigh the pros and cons.

Ways on How to Avoid Foreclosure

Foreclosure is an undesirable situation especially for those who desire to keep on living in the homes that they’ve grown used to. When this happens, they often seek ways to avoid foreclosure and if possible, to stop foreclosure for good. There are many situations when foreclosure happens to people: when they lose their source of income, when they forget to pay the necessary expenses, when they have to move away, etc. Though this may be a stressful situation, it may be dealt with effectively with the proper attitude and adequate help from those who can resolve the situation. Seeking ways to get themselves out of their predicament is a sign that they’re taking responsibility for the foreclosure, and is the first step towards solving the problem.

People can choose to avoid foreclosure for as long as possible, or they can decide to stop foreclosure. Avoiding or stopping it depends on the particular circumstances that they’re in, but it mostly depends on the lender’s decision. To avoid the foreclosure, it’s best to be in good terms with the lender. Avoiding doesn’t mean ignoring the lender especially when he’s trying to establish communication. They must talk with him, answer his letters or calls, and seek to reach an agreement. By negotiating, the lender may allow them to pay when they already can, or pay little by little until the complete amount is reached. In case that the lender can’t be negotiated with, there are companies and organizations that can help those who are burdened by foreclosure. However, they must avoid abandoning the home or going into hiding, because doing so disqualifies them from being helped by these people.

To stop foreclosure means to pay whatever amount is being required by the lender. This may also mean that the lender will just forget about the whole matter. The first option is easier and more possible than the second, but both can happen. To have money to pay the lender, home owners must seek ways of getting money such as working, finding sources of income, borrowing money, selling their possessions, etc. It may take some time before the desired amount of money is reached, but once this is paid, the foreclosure is cancelled. The lender may choose to cancel the foreclosure, but it will need a high degree a rapport between the lender and the home owners. This may work when they’re very good friends, or if the lender is indebted to the home owners in some way.

To avoid foreclosure is often the easier alternative. For more information on how to avoid foreclosure visit our website consumerdefenseprograms.com

Act right away, and learn on how to stop foreclosure!

If you want to find out the best way to stop foreclosure, the answer should be to act promptly. That is definitely the solution that lots of folks overlook when they want to know tips on how to stop foreclosure. Stopping foreclosure isn’t as hard or as frightening as lots of people believe. Needless to say, home owners which have been dealing with foreclosure have gotten on their own right into a pickle, but that doesn’t imply there isn’t any technique to stop foreclosure. They basically must alter from ignoring what exactly is going on to taking handle of their lives and operating challenging to stop foreclosure and continue to keep their property.

Chances are if you’d like to know ways to prevent foreclosure, you’ve obtained a discover of default, which is your bank’s technique for letting you already know that there is an issue, nonetheless they are supplying you a while to do the job it out ahead of the foreclose on your own property. Tend not to make the error of considering your lender is performing very little following receiving your recognize of foreclosure. The lender is beginning the legal foreclosure method therefore you only technique to stop foreclosure is to do the job out a method to fix the challenge.

Once you are searching for precise methods for the best way to stop foreclosure, you should begin along with your financial institution. Call them nowadays, clarify the problem briefly and request to speak to an individual inside their loss prevention department. They’ll direct you for the accurate human being or division. Though financial institutions really don’t wish to foreclose, they’re going to when they don’t have any other preference. Foreclosure isn’t their 1st decision.

The best way to stop foreclosure together with your bank will be to put in place a payment method that should do the job out what you owe when nonetheless holding you latest with your approaching mortgage loan payments. You have to truthfully supply all the info they ask for. Not carrying out this could interfere with the best way to stop foreclosure. Tips on how to stop foreclosure all is dependent on contacting your financial institution, how ready and equipped you might be to fork out what you owe, and next through along with your guarantees.

There’s always a possible way to stop foreclosure. However you are not able to wait around for your wonder, or neglect the notices and calls out of your lender. If you are certainly not in a position to stop foreclosure by shelling out the missing mortgage loan payments, take into consideration promoting your house. This can also be considered a great way for how you can cease foreclosure. You will discover selections for tips on how to stop foreclosure that continue to keep you in command of the situation. All you need to do is act, and select an answer.

If you’d like additional info regarding how to stop foreclosure, you may drop by Foreclosure Knowledge Lender. On top of that to staying an outstanding foreclosure listing support, they can be also a source of very helpful data on how to cease foreclosure.

Check our Foreclosure Defense programs web site for a lot more good ideas: www.consumerdefenseprograms.com

Timeline For Foreclosure in All 50 States

The #1 thing that most real estate investors and homeowners facing foreclosure want to know is: “what is the timeline for foreclosure?” In other words: “how long does it take?” The answer is that the mortgage foreclosure process and timeline varies from state to state. This article provides the information and resources that you will need to find out the foreclosure laws, procedures and timelines for all 50 states.

As mentioned, each state will typically have a different set of rules and a different timeline for foreclosure.

20 states utilize only “Judicial” Foreclosures.
5 states and the District of Columbia utilize only “Non-Judicial” Foreclosures.
25 states utilize both Judicial and Non-Judicial Foreclosures.##
## Of the 25 states utilizing both types of foreclosure, Non-Judicial Foreclosures are more common. In fact, Non-

Judicial Foreclosure is the most commonly used form of foreclosure nationally.

I. JUDICIAL vs. NON-JUDICIAL FORECLOSURES:

The primary difference between the two classes of foreclosure is the involvement or non-involvement of the court system. As you might have guessed, Judicial Foreclosures are processed through the courts. Non-Judicial Foreclosures are not.

Regardless of the type used, the timeline for foreclosure is always preceded by a borrower defaulting on their mortgage payments. Most lenders typically won’t threaten homeowners with foreclosure until two or three payments have been missed. However, once the lender concludes that the mortgage is in default and the homeowner is not going to catch up on their overdue payments, a legal filing is made by the lender and the timeline for foreclosure begins.

A. JUDICIAL FORECLOSURES:

In a Judicial Foreclosure, the lender files a formal complaint with the court and records a legal notice of “Lis Pendens”. The complaint must state the details of the debt and why the lender should be allowed to foreclose on the property. The Lis Pendens gives public notice that the house is the subject of foreclosure proceedings and implements the legal timeline for foreclosure.

If the court rules that the debt is legitimate and in default, it will send a notice to the homeowner demanding payment of the amount owed (plus penalties and foreclosure costs). The borrower is typically given 30 days to respond and satisfy the debt. If they do not, the court will tender a judgement in favor of the lender, instructing that the home will be sold at a “Sheriff’s Sale” auction.

After the judgement is entered, in most states that utilize Judicial Foreclosures, the homewner has about 90 days prior to the Sheriff’s Sale to pay the entire amount owed and stop the mortgage foreclosure process. There are other alternatives that could stop the timeline for foreclosure during this 90 day period:

Negotiate a “Forbearance Agreement” with the lender that revises the loan terms to the satisfaction of both parties. (Most lenders do not want to foreclose because it can cost them a lot of money.)

• Sell the home.
• Refinance the loan.
• Declare bankruptcy.

If the mortgage foreclosure process isn’t stopped, the property goes to a “Sheriff’s Sale” where it is auctioned off to the highest bidder and extinguishes all rights of ownership of the defaulting homeowner. If noone purchases the property at the auction, the title to the home reverts to the lender and it becomes what is known as an “REO Property”. This stands for “Real Estate Owned” (by the bank or lender).

How long does the Judicial Foreclosure process take?

This is almost impossible to predict. The judicial timeline for foreclosure is entirely driven by the court schedule and literally “at the mercy of the court”. However, most experts will agree that Judicial Foreclosures can often take more than a year to complete.

Important Note: Even after a home has been sold at the Sheriff’s Sale, some states will allow an opportunity for the homeowner to regain ownership of their home. This is known as a “Redemption Period” and is a period of time after the mortgage foreclosure process has been completed. Even though the property now will have a new owner, the former homeowner can still reclaim title to their home by paying off the full amount of their original home mortgage plus penalties and foreclosure costs.

B. NON-JUDICIAL FORECLOSURES:

Also known as “Power of Sale” Foreclosures, Non-Judicial Foreclosures are conducted outside of the court system by either a third party “Trustee” or an attorney. This mortgage foreclosure process is used when a “power of sale clause” exists in a mortgage or deed of trust. This clause states that the borrower agrees to the sale of their property to pay off the balance of their home loan in the event of a default.

As with Judicial Foreclosures, most lenders will not begin the Non-Judicial Foreclosure process until several payments have been missed and they are convinced that the homeowner is not going to catch up on their overdue payments. However, once the lender determines the borrower to be in default, a legal filing is made by the lender and the timeline for foreclosure will begin. This filing is known as a “Notice of Default” (NOD).

After the NOD is filed, the homeowner typically has a 90 day “Reinstatement Period” to catch up on missed payments and stop the foreclosure before the lender can take further action. There are other alternatives that could stop the timeline for foreclosure during the Reinstatement Period:

Negotiate a “Forbearance Agreement” with the lender that revises the loan terms to the satisfaction of both parties. (Most lenders do not want to foreclose because it can cost them a lot of money.)

If the borrower remains in default at the end of the Reinstatement Period, a “Notice of Trustee’s Sale” will be filed with a date and time posted for an auction sale of the property. After the Notice of Trustee’s Sale is recorded, the homeowner typically has another 21 days before the auction date. During this period, the borrower can still stop the timeline for foreclosure with any one of the alternatives mentioned above in the Reinstatement Period.
If the mortgage foreclosure process isn’t stopped, the property goes to a “Trustee’s Sale” where it is auctioned off to the highest bidder and extinguishes all rights of ownership of the defaulting homeowner. If noone purchases the property at the auction, the title to the home reverts to the lender and it becomes what is known as an “REO Property”. This stands for “Real Estate Owned” (by the bank or lender).

Important Note: Similar to Judicial Foreclosures, after a home has been sold at the Trustee’s Sale, some states will allow an opportunity for the homeowner to regain ownership of their home. This is known as a “Redemption Period” and is a period of time after the mortgage foreclosure process has been completed. Even though the property now will have a new owner, the former homeowner can still reclaim title to their home by paying off the full amount of their original home mortgage plus penalties and foreclosure costs.

THE BOTTOM LINE:

Regardless of the mortgage foreclosure process used, it is very important to know the laws and procedures for your particular state. To help with that, here is a link to the Foreclosure Process: All States.

ABOUT THE AUTHOR:
The author, John Hanlin, recently published the HOT NEW E-BOOK: “The LazyMan’s Guide to Understanding Foreclosures & REO Property Investment”. Click here for info.

Mr. Hanlin is an Independent Investors’ Consultant who provides FREE investment advice on his website:
http://www.JohnHanlin.com where you can sign up for a copy of his FREE Special Report: “The Safest High Yield Investments You Can Make Today”.

New Bill Should Prevent Foreclosure Attorneys From Taking Advantage of Home Owners

Foreclosure attorneys are drawing a lot of attention in California these days for scamming distressed homeowners. The most common method is to charge a large upfront fee for a loan modification and then to do very little to actually help the beleaguered homeowners. Among the agencies looking into the practice are the State Attorney General, the FBI, the California State Legislature, the State Bar, and the Department of Real Estate.

Last spring the Department of Real Estate in California had received more than 750 complaints of lenders taking advantage of distressed homeowners, and nationally, the FBI is investigating more than 2,100 companies accused of this practice. The California State Bar is currently handling in excess of 800 cases relating to foreclosure practices. A spokesman for the Bar says he has not seen a crisis of this magnitude in his 21 year career.

The State Bar recently identified sixteen lawyers who had received multiple complaints and were under investigation. Nearly two thirds of those attorneys practice in Orange County. The press release noted that it is unusual to release names of those being investigated but not yet convicted, but the organization was dismissing investigation confidentiality in favor of public protection.

The State Legislature has also acted on the situation. The bill AB 764 – Nava noted that under current law, both lenders and attorneys may charge distressed homeowners an upfront fee for negotiating terms of loans. It goes on to say that under these terms, the law has let down the homeowners and allowed them to be taken advantage of. The bill changes the law to disallow upfront fees and requires lenders and lawyers alike to produce a successful result before charging the troubled homeowners. The bill also mandates that the language in any contract for loan negotiation clearly state that it is not required to pay for an attempt at loan re-negotiation. The required statement includes the web address http://www.hud.gov, where homeowners can access a list of free loan counselors. The bill had tremendous support and almost no organized opposition. It has been passed by the legislature and is awaiting the Governor’s signature.

Ron Parks has been buying Marin real estate for 27 years. Year after year he is one of Marin’s top real estate agents. Ron specializes in all areas of Marin County, including Belvedere and Mill Valley. {Article source}

Do you know how you can Avoid Foreclosure?

A foreclosure is when you use your home as security for mortgage and you fall behind in your mortgage repayments and the financial institution start foreclosure proceedings, repossession, to resell your home and get the outstanding amount of your mortgage repaid.

Quick action by you is first step to Avoid Foreclosure on your property.

What should I do if I am behind on my house payment?
Call your lender. You will find that the majority of lenders will be accommodating in helping you overcome any financial hardships that you are experiencing. A lender is someone who lends you money, they are not real estate agents, they do not want to take your home and sell it.

Don’t ignore letters from your lender because you are scared to tell them that you can’t make a mortgage repayment. They will work with you to help you keep your home and stop it from going into foreclosure.

How Can My Lender Help?
Your lender will have several options available to them to help you save your home from going into foreclosure. They can restructure your mortgage repayments for a period of time to help you overcome a cashflow problem.

What If My Lender Won’t Help Me?
Every individual has a different financial situation. If your lender is not helping you then contact other lenders. There are options available to you including refinancing your loan. You will find more detailed information within this website about your options.

The Foreclosure Process

The Foreclosure Process begins when you receive a Notice of Default. The Notice of Default tells you that you have not made your mortgage repayments and how much of your home loan is outstanding and what you owe in terms of the foreclosure fees.

This is not the end of your property ownership.

You still have 3 months from the date the Notice of Default is recorded to pay the back payments and fees. You can find the date the notice was recorded on the first page next to the words “recorded on.” If you pay the amount on the Notice of Default, the lender cannot sell your home.

When Can A Lender Sell My Home?
The lender can sell your home if you fail to repay the outstanding amount within three months. The lender will forward you a Notice of Sale stating the date, time, and place your home is to be sold. You must be given the notice of sale at least 20 days before the day they plan to sell your home.

Can I Stop The Sale Of My Home?

Yes you can stop the sale of your home. If you repay the outstanding amount due, including fees, up to 15 days before the sale date.

You can still save your home at the “last minute” but you will have to make a full repayment of your loan. Many people find themselves doing this after refinancing their loan.
Once paid, the lender will issue a Notice of Rescission. This proves that that the sale has been canceled.

Beware of Fraud
The foreclosure process is a stressful and trying time for many people. Especially since the subprime mortgage disaster, it seems there are record numbers of foreclosures with each passing week. Be careful that you don’t become a victim of a scam when you try to save your home from foreclosure. There are many who will and do take advantage of people facing desperate situations.

Article source: Discover How You Can Avoid Foreclosure | Articlebase.com

Alternative Ways to Avoid Foreclosure

The type of mortgage loan you have may determine what types of alternatives you may be eligible to pursue. Please contact your lender and a Housing Counseling Agency to discuss which alternatives you are eligible for, and which one is best for your situation.

Options To Retain Your Home:
The following options will result in you retaining ownership of your property.

Repayment Plan: This usually involves establishing a schedule with your Lender to make a full regular monthly payment plus a little extra each month, to repay the delinquent amount over a specified period of time.

Special Forbearance Plan: This option may provide for a temporary reduction or suspension of payments, that will be increased at a later point to repay the delinquent amount over a specified period of time.

Mortgage Modification: This option may allow you to refinance the debt and / or extend the term of your existing mortgage loan.

HUD Partial Claim: If your loan is an FHA insured loan, your lender may be able to obtain a one time payment from the FHA-Insurance Fund to bring your mortgage loan current with payments.

Refinance: This option may allow you to use the equity that you have established in your home to pay the delinquent amount. Depending on the interest rate of your new loan, your monthly payments might be reduced. You can explore refinancing with your existing Lender as well as with any Lender of your choice.

Homeowners’ Emergency Mortgage Assistance: This option provides special financial assistance to Pennsylvania residents who are facing the possibility of losing their primary residence through foreclosure. Depending on the Homeowner’s situation, they may be eligible to receive a LOAN to bring their mortgage payments current. Homeowners, depending on their circumstances, may also be eligible to receive financial assistance with their monthly mortgage payment for up to 24 months from the date the mortgage became delinquent.

Options To Dispose Of Your Home:

In situations where you do not want to retain ownership of the home, the following disposition options may be available as an alternative to Foreclosure. These options affect your credit rating less than a Foreclosure will.
Sell The Home: If there is sufficient equity in the property, you may be able to receive more for your property than what is due on the mortgage loan.

Assumption: With this option, you would sign over the property to another person. That person would then take possession of your home, and take over making the payments.

Pre-Foreclosure Sale: This option may allow you to sell your property for an amount less than what is necessary to pay off your mortgage loan.

Deed In Lieu Of Foreclosure: This option may allow you to voluntarily “give back” the property to your Lender without further damaging your credit.

How to Stop Foreclosure, Avoid Foreclosure and Foreclosure Help

After reading through this article I know you will like to get advantage of the mortgage modification program that is accessible online that will help you to stop foreclosure today!

The genuine estate industry crash resulted in a sudden rise of foreclosures as the property owners struggled difficult to repay the dedicated mortgage loans. In buy to curb further damage, the federal government intervened and arrived up with particular applications that served in delaying or minimizing repayment interests or refinancing the property or initiating the brief sale procedure.

In order to stop foreclosure, the property owners need to submit a letter of financial hardships and request for modification of home loan/ bank loan terms. The letter should be in a position to convince the home loan company or else, it can be rejected.

It is important to take note that home owners require to write a letter even just before the proceedings begin. The fact is that home loan organizations are also not usually fascinated in foreclosures as they lose considerable quantities of dollars while auctioning the properties and marketing them at a value much decrease than what they can get.

It is also a good idea for the property owners to get in touch with the mortgage loan provider nicely in advance if they assume that they would locate it hard to pay out again the mortgage quantity on time for the subsequent one or two months. In this case, the home loan lender may possibly refrain from charging penalty for delayed payments and could be inclined to wait around for sometime prior to which the homeowner would catch up with the pending repayment volume.

At times, the home owner may possibly recognize that it is not possible to repay the current value of the house loan installments. In this situation, a letter should be published stating the purpose for the delayed repayments. Home owners require to give adequate proof for the very same like housing paperwork, revenue tax papers, house loan paperwork and also the price range that would evidently make clear the causes for economic hardships.

In addition, the house owner should spot a request to the mortgage business to modify the repayment installment volume to suit the existing monetary scenario and also make it reasonably priced. A properly published letter can persuade the institution to end the foreclosure process. Even so, provision of substantial evidence is the most important aspect for getting the home loan company to concur to your terms. The homeowner can also purchase time from the mortgage loan provider to sell the house on quick sale.

When you are writing the monetary hardship letter to your loan company, keep in mind the adhering to critical factors:

• Compose the matter line plainly offering a short thought of the goal guiding the letter and the explanation for submitting it.
• Use personalised language to evidently clarify the economic issues faced by the operator and the explanation for default in mortgage payments.

The latest U.S. housing market place crisis has been the cause of untold heartache and tension for several family members in The united states. House foreclosure is a distressing fiscal challenge that numerous family members have to offer with. Even so, in several circumstances, it can be avoided.

Foreclosure Defense Guidebook: An EASY to Understand Guide to Saving Your Home From Foreclosure.

Click Here to Buy $12.99Author: Vince Khan

About the author: by Jean Erickson, www.gather.com

What is a Foreclosure?

Foreclosure is the legal procedure by which a local government takes ownership to a certain property. A popular option for home buyers is to take out a home loan and give the lender a security interest in the property that is to be bought. If, for any reason, the home buyer’s mortgage payments are not made in time, then from the security interest that was given to the lender, the home can be auctioned, i.e.: foreclosed .

The money from this auction will be used to compensate the investments. In the event that the foreclosure of the home is not able to recover the money that is remaining, the home buyer could have a deficiency judgment held against them.

Which is better? A Short Sale or Foreclosure?
Patch’s Real Estate Columnist takes your questions and answers them words you actually understand.

Q: I’ve heard short sales are a good deal but take a long time. Is it worth the wait?

Short sales are worth the wait if you can do just that, wait. The length of time an approval can take depends on the bank that owns the property and every bank is different.

Some short sale offers get approved in a week or two, which is good. I’ve had others that have taken four to five months. You must have patience with a short sale if you’re going to survive the process.

Q: What’s the difference between a short sale and a foreclosure?

A short sale is when the homeowner is late on payments and is facing foreclosure. A short sale means the bank will be netting less money than what they are owed on that loan. The term ‘short’ means the bank is getting shorted on the loan amount payoff.

A foreclosure means the bank has taken the property from the homeowner. They have moved out and it is vacant. The average length of time to foreclose on a property now is 22 months.

Q: Which is a better deal, a short sale or a foreclosure?

Both are great. In both cases you are typically getting a home for less than it is worth. A foreclosure transaction moves much faster than a short sale transaction.

If you are in a time crunch, you want to focus on foreclosures.

Q: Why do short sales take so long?

Short sales take a long time because the banks processes are not great and they are overwhelmed.

Most short sale offers do not get assigned to a person at the bank (called a negotiator) until the offer comes in. At that time, the bank does an appraisal to get the home’s value and then makes a decision.

Sometimes all of that can take a few weeks to a few months.

If you are interested in learning more about short sales or foreclosures, you can read about them is some of our past articles.

About this article: Claudia has been in the real estate and mortgage business for 9 years and brings wisdom and perspective to the ever-changing face of Severn housing and development. Count on her each week to keep you updated on what’s happening in your backyard, literally![source]