Tax Foreclosure

foreclosureMany homeowners have questions about how foreclosure works and how long they have between when they miss a payment and when the bank actually forecloses. In these cases, lenders are sometimes willing to accept a short sale. Equally important, the new system enables counties to help homeowners with financial trouble avoid foreclosure. You may also consider paying the Realtor out of your pocket so that you can get the house sold.foreclosure

Sometimes a foreclosure sale is held at the courthouse, pursuant to the final judgment. Obviously, strict foreclosure is an extremely unfair deal for homeowners, and the more equity they have in the property, the more unfair it becomes. Acceleration allows the mortgage holder the right when the mortgagor defaults on the mortgage to declare the entire debt due and payable.

This typically occurs because many of the properties up for sale at foreclosure auctions are worth less than the …