Altus, OK 73521 Foreclosures

It’s really a matter of fact that you are in danger. A lis pendens does not stop or prevent foreclosure at all, as it is merely a document serving notice upon any other party that is researching the particular property affected by the document. However, one of the biggest advantages associated with a foreclosure bailout loan in the real estate area is that the lender may sometimes write what is known as negative amortization loan.

There are several stages during which the homeowner has an opportunity to bring the loan current and avoid foreclosure. The party holding the lien asks the court for a judgment against the owner for the unpaid amount of the debt together with attorney fees and foreclosure costs.

Foreclosure occurs when your lender repossesses your home because you have defaulted on your mortgage loan or home equity line of credit. So the lender can refuse partial …