• 11

    Feb

    Repayment period and Foreclosure - How to use the opportunity to avoid another

    Few homeowners are even aware of the concept of having additional time after their house has been foreclosed that they can still remain in the property and attempt to refinance or sell. After all, the sheriff sale is just before the eviction, right? Well, not always, as some states allow foreclosure victims a set period of time, known as a redemption period, where the bank is not able to evict them or take over the property. But even when homeowners are granted a period of several months to keep their home, time is not on their side. The homeowners will have to begin immediately planning their solution to the foreclosure if they mean to take advantage of the redemption period. As soon as possible after the county sheriff sale, it would be best to come up with some options, especially if t
-

Author

Follow Me