Oracle Gale LLC
We are not attorneys, for legal consultation please ask and attorney, or if you like we can suggest one for you.
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The following information or suggestions are our interpretations only.
Some states require that a "Notice of Default" be given to the borrower before a Notice of Sale can be initiated.
No matter what the rules are in your State, the following should be attempted if possible
A modification agreement is an agreement you work out with your lender. It modify s the loan, quite often adding your back payments to your existing loan amount and starting new with payments. It is best done when you late on payments but a foreclosure hasn't been filed against you.
If one has been filed against you, get a hold of your lender as soon as possible to work one out.
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If this option has already been tried and you were unsuccessful, they we need to look at your options on what to do. Contact me please
A Forbearance agreement is an agreement you work out with your lender. It gives you a short period of time to catch up. Sometimes people lose their job, and get a new one. It is best done when you late on payments but a foreclosure hasn't been filed against you.
If one has been filed against you, get a hold of your lender as soon as possible to work one out.
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If this option has already been tried and you were unsuccessful, they we need to look at your options on what to do. Contact me please