The Foreclosure Process - An In-Depth Breakdown

Foreclosure - a word with intangible meanings to someone who has never had the need to deal with this concept before. But now, you, or someone you know is all of a sudden launched into a hazy, new arena where the results are directly dictated by you experiences, or those you work with. We are here to help dispel some myths and shine some light on the world of foreclosures and dealing with banks and their attorneys.

There are many resources out there that tell you about what a foreclosure really is, but as we get more experience dealing with these types of situations, it is clear that a concise breakdown of the process and some of the solutions might be welcome. Many of the solutions that follow are unknown to sellers, because banks don’t want you to know about them, and neither do real estate agents. Luckily, we like full disclosure.

A side note: some of these solutions can also be applied to other types of distress, such as estate sales among siblings, divorce, or other issues that arise – we will get into that in future posts. I might also mention that we are not attorneys, so advice here should be researched. However, we do know this process well, and are happy to give you our take on your situation.

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