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I received a letter from the Sherriff… now what?
Don’t ignore it… you may be very close to losing your home. A Sherriff will only get involved in a Foreclosure for two reasons. They will either give you paperwork from the Court that you are being sued for a Judgment or your eviction papers.
Court papers will typically give you 30 days to file an appearance or a response to a suit. The Mortgage Company is trying to get a Judgment against you for the amount of your Mortgage. This is the first step in taking your home. If they successfully get the Judgment they then can obtain a “Sale Date” and sell your home at an auction. We can give you paperwork to ask the Court for an extension. This extension will request an additional 30 days to file a response. That extra time should be used to determine a course of action to get the deficiency resolved with the Mortgage Company and to get the home out of Foreclosure. You still have plenty of time to get this resolved but only if you act quickly and decisively.
If you are handed eviction papers that means your home has already been sold at auction. Your only option at this point this to determine if your State provides a redemption period. This redemption period allows you to purchase the home back from the highest auction bidder. This will mean that you will have to obtain financing from another lender which is usually very difficult under these circumstances.
American Foreclosure Specialists can help you keep your home. We can negotiate with your Mortgage Company on your behalf allow you to stay in your home at a payment you can afford.
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IMPORTANT NOTICE: American Foreclosure Specialists (AFS) and our services are not approved by the government or your lender. www.afscanhelp.com is not associated with the government, nor is it a government sponsored website. To access information on government sponsored assistance, please visit makinghomeaffordable.gov. You need to know that even if you accept our offer and use our service, your lender may not agree to change your loan. Also, if you stop paying your mortgage, you could lose your home and damage your credit rating. Work Out and Loan Modification Plans vary and are dependent upon mortgage company criteria and financial information gathered as part of the efforts AFS provides. The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions regarding real estate law, finance, or who believe they require legal counsel, should seek the advice of a financial advisor or an attorney. AFS is neither a bank nor an attorney company. By submitting this contact request, you are consenting to be contacted by foreclosure specialists by telephone and/or email, even if you have previously listed yourself on any state or federal Do-Not-Call List.