acceleration of mortgage notice

It depends on how much you owe in back payments. You will also have to pay additional fees to cover the banks expenses for starting the foreclosure process. I would definately seek representation from an attorney if you would like to find a way to keep your home.

In order to stop the foreclosure you would likely have to catch up on your payments as well as any fees and penalties incurred...a tall order. If you want to keep your home you need to reach out to your lender and see what they will do to help you keep it but be warned, they usually will not deal with you once it has gone that far believing that you should have reached out to them much sooner. You may be able to contact an attorney to see what stall tactics he might be able to use on your behalf but truth be told, anything short of paying them what you owe will only delay the inevitable.

That notice will usually give you 30 days to bring the mortgage current or they will initiate foreclosure.. The foreclosure process will be 90 days from the date they file against you... however not every lender will file right away.. if you want to control your exit from the property, you might want to consider a short sale.. by doing a short sale, your credit impact will be less, and you will know exactly when you have to move.. There are also programs out there where the seller is getting compensation from the lender to do the short sale rather than foreclosing.. Contact a local real estate agent who specializes in short sales and see what your options are.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

I would also suggest you consult an attorney and I know a few good ones who specialize in this area Joyce 301 915 5644

You can avoid foreclosure by making up past due payments.Contact your lender directly.Work out a "forbearance" and explain your situation.Are you employed? What caused you to fall behind on your mortgage payments? Are you current on property taxes?Possible to ask the lender to add payments to the end of the loan or change the terms of the mortgage. Visit the "Making Home Affordable.gov website and enlist federal help. If this fails seek legal counsel! Or If you are 62 or older a reverse mortgage may be an option.Contact me directly at 410-979-1430...Ivan Lowe, Reverse Mortgage Counsultant NMLS# 615763. I live in Columbia,MD. Good Luck!

there are other things that you can do.. if you want to email me privately to yourloanpartnerforlife@live.com i work a lot with bk trustees, and yes, I know what I am talking about.. I can not give you legal advise, but I can point you in the right direction...

Used to be a loan officer, have graduated into loss mitigation. I now work with a Nationwide Mortgage Law firm. We only take on cases we know we can complete. First we need to understand how many payments you are behind. In the state of Maryland - which is a judicial state, it can over a year to take your case through the courts before a foreclosure is awarded. An acceleration notice just informs the borrower that the payment is due. It sounds like your only one to two months late. What's going to happen next, your lender is going offer a forbearance plan, which is an extra catch out payment in addition with your normal payment. It is conceivable if your having trouble with your normal payment, there is no way you can make the catch up payment. This is the best time to request a loan modification for a lower payment. It is really important to understand your lender s not looking to do you any favors. You have to understand they are a debt collector. They will ask for income documentation, to determine how much you can afford. Then raise your payment. Many people end up being victims, because they gave too information to their lender. If you show too much, or too little income they can foreclosure upon you anyway - every situation is different. I understand the process, may be in a position to help you, email ghosking@weberlawpc.com