Delaware Automatic Residential Mortgage Foreclosure Mediation Program
Every homeowner who is looking to short sale their property should be asking the following question: “Will I have to pay the bank the difference between what I owe and the final sales price of my property?” The answer to this is both yes and no. Don’t worry, I’ll make it simple for you to understand. Following these three days, if the money is not paid, the court will issue a Writ of Seizure and Sale. Visit You Miss Mortgage Payments to find out what to do. There are four common types of liens on real property: a trust deed, a mortgage, a land sale contract and an involuntary lien.
This may be your last resort, other than the house being auctioned at the foreclosure sale and you being kicked out. No set time – A lender will typically begin their foreclosure following a default period. When you receive notice …