Learning about the Timeline for Foreclosure
November 18th, 2008 by the writerWhen my husband told me that we received a notice from the bank that we’d missed some payments on our mortgage, I was terrified. I hear about foreclosures all the time, but I really didn’t understand how it worked or how quickly the process would move. Would we be kicked out of our house immediately? How much time did we have to make up the payments? Finding this timeline for foreclosure online was a huge relief. We were able to take a deep breath and realize that we still had time and options to deal with our problems and avoid foreclosure. The timeline showed us that we were still in an early stage of the process so we still had a number of options. We called our lender and worked out a solution. Knowing what was really going on was such a relief and allowed us to avoid foreclosure and save our home.