Avoid Foreclosure Georgia- Consumer Proponents

Are you behind your mortgage payments and fear of losing your home? Have you tried getting your loan modified, but your application has been denied recently? Does your lender misplace your documents time and again and keep asking for the same documents again and again, even though you have sent them those papers? Have they ever told you that they will send you a loan modification package, but you have not received it yet? If you feel uncertain and are not sure what to do to avoid foreclosure in Georgia, read on.

How to avoid foreclosure in Georgia?


Your priority has to be to stop foreclosure action against you so that you can keep your home. You must get in touch with the government-approved agencies that can help you with what to do exactly to qualify for the loan modification. They will also discuss the foreclosure process with you in detail and explain the options that will solve the problem.

The HUD-approved agencies and counselors help homeowners because they know the real know-how and the ins and outs that are necessary to avoid the foreclosure process in Georgia. Homeowners may be asked to supply a few pieces of information that serve as the basis of their case. With the experience and expertise these experts hold, people can rest assured their loan modification process will go smoothly.

If Georgia foreclosure begins under federal law: Under federal law, the lender must wait if the borrower is one hundred twenty days delinquent before starting a foreclosure. This time is enough for the homeowners to apply to the servicer, asking for options that can help to prevent foreclosure. During this time, you are allowed to stay in your home and work out a repayment plan, or you can sell your home in a short sale.

Nonjudicial foreclosure in Georgia: The bank provides the following notice during the foreclosure process.

Notice of Intent to foreclosure:  Not before thirty days of the sale date, the bank must send a notice to the homeowner that it intends to foreclose the home.

Notice of sale: The bank must advertise the foreclosure sale in a newspaper one month before the scheduled sale date.

In some states, the foreclosed borrowers can repurchase the home within a certain period but redemption is not allowed in Georgia.

Notice to leave after the foreclosure sale: If the homeowner does not move out of the foreclosure sale, the purchaser may go ahead with the eviction proceedings.

If you have any doubts, connect with the right agencies and find a solution to your problem before it gets too late.