Title: Foreclosure Basics: How It Works And What To Do To Keep Your House – Forbes Advisor
Headings: Foreclosure Basics: How It Works And What To Do To Keep Your House
Foreclosure Basics: How It Works And What To Do To Keep Your House
Foreclosure and the Coronavirus Pandemic
What Is Foreclosure?
When Does Foreclosure Begin?
Foreclosure Timeline
Do I Have to Move Out of My House When It’s in Foreclosure?
Can I Keep the Profits from a Foreclosure Sale?
Do I Owe Money if the House Sells for Less than I Owe?
Do I Owe Property Taxes When My House Is in Foreclosure?
How Can I Stop the Foreclosure Process?
How Will Foreclosure Hurt My Credit Score?
Next Up In Mortgages

Content: As the borrower, you still legally own the home, so there’s time to save yourself from eviction. Even contacting your lender could help you stop the foreclosure process, especially if they determine you’re eligible for a special payment or relief plan. Notice of sale. If you don’t pay what’s owed or make arrangements within the notice of default period, the lender will create a notice of sale. This notice might be published in a local newspaper and could also be posted on your property. The lender will then prepare to put the home up for auction, which includes setting a date and time for the sale. Leave residence. Once the lender sells the property, you’ll have to move out. The time you have to vacate the property differs based on your state’s laws. Do I Have to Move Out of My House When It’s in Foreclosure?