How to Put an Emergency Stop on a Foreclosure

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In order to put an emergency stop on a foreclosure, a person may have to sell their house or rent it out. Try contacting the lender to renegotiate the loan with help from a civil mediator in this free video on foreclosure law.

Part of the Video Series: Foreclosure Help
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Video Transcript

You have had a temporary setback in your life and you have gotten to the point that you are delaying the mortgage payments on your house or in some instances you may not even be making those mortgage payments and you are hearing a lot about foreclosure and you want to know how do I stop this what do I do to get out of this like right now? Hello I'm Robert Todd and I'm here to answer the question how to put an emergency stop to foreclosure. Well obviously the idea of foreclosure is you are not paying the debt on the loan on which your house has been made collateral and the lender is simply looking for payment. If they don't get payment they foreclose, sell your house, try to pay off the loan so the idea is what can you do to make those mortgage payments? One of the first things to consider is to possibly rent or sell your house itself by getting the rent payments or by selling the house and you pay off the mortgage in full or refinancing or contacting the lender to see if there is some way that you can renegotiate the loan and that's how you put a stop to mortgage foreclosure. Thank you. I'm Robert Todd and thank you for watching.


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