Couple of days ago one of the homeowner called me and asked whether they are in foreclosure or not. I asked whether they have received any Notice of Default (NOD) or trustee sale notice but they are not sure because they already moved out of the house.
Some homeowners are moving out as soon as they realize that they cannot afford the payment or after they missed couple of payments without realizing that they have options to avoid foreclosure even if they missed the mortgage payment. Sometimes the homeowners don’t even check their mails even if they get any letter from their bank. You cannot solve the problem by ignoring it; you have to face it and try to resolve it.
Well, the question is how you can find out if your home is in foreclosure process or not. Normally, when you miss your payment for 90 days, your lender has the right to file notice of default(NOD). Once the lender files NOD then you are in foreclosure process and after 180th days, the bank sells at auction or bank becomes a new owner. You will get trustee sale notice before your lenders sells at auction and in that notice, you can find the sale date of your home.
Before your lender foreclose your house, your lender will send notice of default and trustee sale notice, but if you missed couple of payments and not sure whether your lender started the foreclosure process then the best way to find out is to call your lender directly and find out whether they have filed any notice of default or trustee sale.
If you are in bay area and wants to check whether your home is in foreclosure then you can call me or send me an email and I can try to find out if the lender has started the foreclosure process or not and of course, I won’t charge you anything for this service.
You are most welcome to ask any questions or if you need my help in short sale then call me today at 510-366-9405. My short sale service is free for you.
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