Don’t ignore that foreclosure notice just because your lender is already “working” with you on your mortgage problem!
Too many people think that because their lender is working with them on a short sale, a modification, or some other workout option, they don’t have to do anything about the foreclosure papers they got served with. The lender’s lawyer is not going to stop the foreclosure case just because you’re trying to work something out with the lender. The lender’s lawyer is going to keep moving forward with the foreclosure because he or she doesn’t get paid until the foreclosure case is over. You MUST put the brakes on the foreclosure case. If you don’t, you might find your mortgage foreclosed and your property sold while you’re still trying to work something out with your lender. If you’ve hired a lawyer to represent you in the foreclosure case, make sure the lawyer files a motion asking the judge to refer your case to mediation. Before you go to mediation, make sure you know what solutions are available to you. To find out what your solutions are, visit LoanModificationsInfo.com.
