Oracle Gale LLC
We are not attorneys, for legal consultation please ask and attorney, or if you like we can suggest one for you.
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.
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.
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