Need to stop foreclosure? Here are some great tips.
If you live in Michigan and are facing the threat of have your home foreclosed on and sold at sheriff sale there may still be hope.
Many Michigan homeowners are facing the problem of their mortgage company threatening to foreclose on their home and sell it at public auction.
A mortgage company generally will start the foreclosure process once you fall 4 months behind on your mortgage payments you will get a notice from your mortgage lender informing you that they will start the foreclosure process.
Here are some things you can do to try and stop the process or at least postpone the foreclosure sale as long as possible.
1. If you want to stop the foreclosure your best bet would be to challenge the foreclosure and demand that the law firm that is handling the foreclosure sale prove that they have the right to actually foreclose on your home. You see the problem is that many mortgages over the years have been bought and sold numerous times over the life of the mortgages. A review of the Michigan Foreclosure laws may help you fight the foreclosure and get the foreclosure stopped if the mortgage company that is trying to foreclose does not own the mortgage or does not have the right to foreclose.
Here are some websites that can help you with fighting foreclosure in Michigan.
http://www.michigan.gov/mshda/0,4641,7-141-45866_62889_47905-177816--,00.html
And this site has great information on how to stop foreclosure in Michigan
Many Michigan homeowners are facing the problem of their mortgage company threatening to foreclose on their home and sell it at public auction.
A mortgage company generally will start the foreclosure process once you fall 4 months behind on your mortgage payments you will get a notice from your mortgage lender informing you that they will start the foreclosure process.
Here are some things you can do to try and stop the process or at least postpone the foreclosure sale as long as possible.
1. If you want to stop the foreclosure your best bet would be to challenge the foreclosure and demand that the law firm that is handling the foreclosure sale prove that they have the right to actually foreclose on your home. You see the problem is that many mortgages over the years have been bought and sold numerous times over the life of the mortgages. A review of the Michigan Foreclosure laws may help you fight the foreclosure and get the foreclosure stopped if the mortgage company that is trying to foreclose does not own the mortgage or does not have the right to foreclose.
Here are some websites that can help you with fighting foreclosure in Michigan.
http://www.michigan.gov/mshda/0,4641,7-141-45866_62889_47905-177816--,00.html
And this site has great information on how to stop foreclosure in Michigan