Upcoming Foreclosures

If a house is already starting the foreclosure procedure does that mean that there is NOTHING that can be..???

done to stop it??? If this is true, does that mean it is ONLY true for New York State, or what does that mean???? Frankly these laws for that are so F*CKING STUPID AND I AM STARTING TO HATE THE U. S. GOVERNMENT!!!!! Does anyone else feel the same way I do also???

Public Comments

1. The government is not involved with the foreclosure. Foreclosure happens when the buyer defaults on their loan. Until the foreclosure is a done deal you can come up with the money you owe and stop the foreclosure. You usually have about 8 weeks. No one will prevent you from stopping the foreclosure, that is the optimum occurrence for everyone involved.
2. It depends on what state you are in.If the foreclosure procedure is starting, there is usually something that can still be done. There is usually either a statutory redemption period where you can pay the amount due before the property is sold. I would advise talk to your mortgage company, and they could give you further info.
3. It has nothing to do with the government. The only way you can do anything is to come up with the missed payments plus late charges in full to stop the foreclosure. Only then can you approach the bank and see about refinancing. That is if the house has enough equity and it was not a 30 year loan to begin with.