If you missed a mortgage payment or received a notice of sale from the bank, do not ignore the problem. It will not go away. The faster you act and the faster power of sale is stopped, the more money it will save you. The key is to take control of the situation as fast as possible.
First we have to figure out at what stage the power of sale is in and collect as much information as we can.
Get together all the documents the bank mailed you and the latest mortgage statement. How many payments did you miss?
Did the bank pay property taxes for you? If you do it yourself, are the paid up to date? Get all the tax information.
Did you miss any insurance payments? Get your insurance broker contact information.
Are there any liens on the property that you know of? It might cause delays if they come up later in the process.
Any outstanding credit card balancs, lines of credit, car loans. It is important to get a full picture of all the debts.
An appraisal will have to be done to get an accurate value of the property.
Do NOT ignore it
The problem will not go away by itself and the longer you wait, the more expensive it will become.
Contact me right away at 647-870-7004 even if you miss a single mortgage payment. Together we will stop the power of sale and come with a plan to take control of the situation.