Archive for 'Types of foreclosures' Category

Types of foreclosures

By admin - Last updated: Thursday, June 10, 2010

After being late for 2 months sometimes as long as 12 months after the first missed payment the lender will start legal proceedings. A lawyer for the lender will send the borrowers a letter with the notice of default and give them a chance to cure the default by paying all the back payment plus [...]