How to Stay in My Home After Foreclosure


Going through a foreclosure can be devastating so it is important to know how long you can stay in your home for after you have been foreclosed on. There are things that you can do to avoid going into foreclosure. You need to know what your rights are before this happens to you.

  • First you need to talk to your bank to see when they will foreclose on you. There are also different laws in each state so you want to check and see what applies to your area. You have to remember that there will be a time period that you will be able to stay there. In most cases until you have received final notice you are ok.

  • Next you can avoid a foreclosure by trying to work out a payment plan with your bank. It is easier that you go and talk with them to find out what is your best option. They will be willing to talk with you and try to find a solution that will let you keep your house.

  • After the date is set and the letter is sent to you that the house is going to be auctioned then you will have a total of about 90 days to stay in the house. This can be a difficult time for you so make sure that you have plan B in place in case you can not come to terms with the bank.

  • Finally even if you are embarrassed or assumed of getting a foreclose notice you have to remember that everybody has these issues from time to time. Your best option is try to exhaust all options with your bank before giving up and losing your house that you worked hard to purchase.

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