The LA Times reported recently that Chase bank is going to start resuming foreclosing on people who have stopped making mortgage payments. The large financial company headed by Jamie Dimon had temporarily stopped foreclosure proceedings in over 40 states.
Now it appears that Chase will resume the necessary legal work in 23 states starting in mid-November (just in time for the holidays). But California has a more streamlined process and Chase is still working on kicking out people in that state.
If you've had any luck in delaying your foreclosure with a show the note strategy---Leave a comment below.
Foreclosure guidance is something a home-owner should seek right away whenever they be aware that they may be having troubles making their home loan payments. It is important that an individual in this case taking action immediately as penalties and interest can compile quicker than most would want to think.
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Bankruptcy is quite useful in stopping foreclosure proceedings and in obtaining the mortgage company's attention. Even when the auction date has been set and it is approaching, everything stops after you declare bankruptcy.
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