![]() Do a short sale or deed in lieu of foreclosure.Hire an experienced, licensed real estate agent, sell your home, and pay off your mortgage in full, before the scheduled foreclosure. Be sure to get written confirmation that the scheduled foreclosure sale is cancelled. A loan modification may restructure the loan into a more affordable payment (such as by reducing the interest rate, extending the length of the loan). ![]() Work out a payment plan or loan modification.Be sure to get written confirmation that the scheduled foreclosure is cancelled. Most mortgage companies will stop a foreclosure if you pay the missed payments, attorney fees, and foreclosure costs. The notice must include the name, address, and telephone number of the person or entity who has full authority to negotiate, amend, and modify all terms of the mortgage.The foreclosure sale must be advertised in the county’s legal newspaper once a week for four consecutive weeks before the foreclosure sale.This notice is typically sent by a law firm on behalf of the mortgage company. The mortgage company must send written notice of the foreclosure sale to the borrower no less than 30 days before the foreclosure date by certified, registered, or overnight mail.Foreclosure sales are held on the first Tuesday of each month on the courthouse steps between 10AM and 4PM.In Georgia, your mortgage company can foreclose without filing suit against you.If you are facing foreclosure or your home has already been foreclosed, call Atlanta Legal Aid to see if you are eligible for free legal help. The following content is from the flyer "Facing Foreclosure?", prepared by Atlanta Legal Aid Society, last updated September, 2019.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |