Tuesday, July 24, 2012 / by David Delgado
Legal Loophole Costs Local Home Seller $52,627 after the Sale of Their Home When Facing Foreclosure
The biggest dilemma when you find yourself with expenses up and income down is what to do or more importantly, what not to do in order to avoid a public foreclosure. If you have to miss a mortgage payment, there are many important legal issues that you may be unaware of that are critical to understand. When such an major investment as your home is at risk of being lost to foreclosure, there are legal details to know before you try to negotiate with you mortgage lender that can turn in to major problems and expenses if not handled correctly. It is essential to understand the legal ins and outs that will properly protect you when you must negotiate with your mortgage Lender to either save your home or protect you from paying thousands of dollars, unnecessarily, when you have to sell your home.
In a recent situation right here in Whittier, misinformation cost one local home seller over $52,627 after they sold their home to avoid foreclosure. To learn about how to avoid the 3 legal mistakes that could cost home owners thousands, call David Delgado at 888-308-4947. There is never any obligation to get this free consultation.