Martha, OK 73556 Foreclosures

foreclosureWhen real property accounts become seriously past due, the County may initiate a foreclosure proceeding. A Common Law Lien is a solution to lien property that the bank is trying to foreclose on. This allows the homeowner facing foreclosure to protect assets. Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home.

Foreclosure is a legal process and varies from state to state. If you lose the foreclosure action or a default judgment is entered, the sheriff will issue notice of sale and sell your house at a public sale. In order to prevent a foreclosure sale from moving forward while the case is on appeal, a borrower or property owner must pay a bond to the clerk of superior court.

Few people enter into a loan agreement expecting to default on it. However, there are a number of …