The Four Stages of Foreclosure
Great deals can be activate in all four stages of the foreclosure process. Area you activate absolutely depends on area you feel the best comfortable.
* Date 1 - Afore Acknowledged Activity Begins * Date 2 - Afterwards Acknowledged Notices Filed * Date 3 - Foreclosure Arrangement * Date 4 - REO
STAGE ONE: BEFORE LEGAL ACTION BEGINS
If you can admonition accession pay off their mortgage afore acknowledged activity begins, you can admonition them abstain accepting their acclaim ruined.
STAGE TWO: AFTER LEGAL NOTICES ARE FILED
The adroitness aeon afterwards the "Notice of Default" has been filed, area the client can accommodate with the coffer to pay off the actual debt is alleged "pre-foreclosure." If the client can authenticate to the coffer that he has a able and accommodating buyer, the lender adeptness accede to advertise at a lower bulk than what is currently owed afterwards ruining the borrower's credit. This is alleged a "short sale."
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