The mortgage is a way many have become homeowners in the US. Though a good means since it would almost take forever to be able to save enough to buy a house, it can for some reasons become a debt that would be too hard to get out. The resulting failures to meet up with payment may be followed by foreclosure eviction.
When you are served a Foreclosure
This is the legal means by which you forfeit your mortgage property for defaulting payment. Before the closure is issued by the court, you are served a sequence of notification from the mortgage company. You are first served, Notice of Default, then, Notice of acceleration and finally, Notice of sale If you fail to comply with payment terms. This final stage of notice will state the date and time the foreclosure would take effect. You’ll definitely need a loan modification expert to escape this move.
The foreclosure eviction is the final move to get the occupant of the house to vacate forcefully. This is backed up by legal means for the new owners or Mortgage Company to take over the house. To enforce the eviction, normally, the law enforcement agents like the states sheriff or the police are engaged. During the eviction, eviction in most cases is for the defaulter and not the content of the home.
It is always a nightmare to go through an eviction because you may not have got a temporary place arranged for your property to be kept before securing a new place for accommodation. To avoid this kind of situation, it is always good and safe if you have loan serving company to offer some counseling on how you could have been saved out of the situation.