Although foreclosure isn't in the headlines the same way it was a few years ago, still, too many people in Pennsylvania face the loss of their home. People do not want to lose their home or its equity, and these people often seek solutions to stop or slow the foreclosure process. This blog post will provide some basic information on foreclosure.
As soon as you miss a couple of mortgage payments, you will probably hear from your lender. Don't ignore their phone calls and letters. Instead, make an honest assessment of when and whether you expect to be able to catch up on your payments. Your lender may be willing to help you. If not, you need to understand the foreclosure process.
While the foreclosure rate in Pennsylvania and across the U.S. has declined dramatically since the height of the 2008 Financial Crisis, far too many people still face the frightening prospect of being evicted from their homes. Sadly, many people who are facing foreclosure assume that they have no options for fighting an eviction.