405 Branch Forest Way, Stockbridge, GA 30281

 


405 Branch Forest Way is an example of a homeowner we were able to assist by purchasing their home using creative financing with an option for them to buy it back once they get back on their feet.

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The loan foreclosure process.

 The loan foreclosure process is a legal procedure in which a lender attempts to recover the outstanding balance of a defaulted loan by selling the borrower’s property that was used as collateral. Foreclosure typically occurs when a homeowner fails to make mortgage payments for an extended period. While the process can vary by state, the general steps are outlined below: 1. Missed Payments The foreclosure process begins when a homeowner misses one or more mortgage payments. Lenders typically allow a grace period before charging late fees, but continued missed payments lead to delinquency. 2. Notice of Default (NOD) After 90 days of missed payments, the lender may issue a Notice of Default to the borrower. This document formally notifies the homeowner that they are in default and outlines the amount needed to bring the loan current. The NOD is often filed with the local county recorder’s office, making the delinquency public. 3. Pre-Foreclosure Period After the NOD is issued, the ...
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Dealing with Foreclosure

Dealing with Foreclosure: A Comprehensive Guide Facing foreclosure can be one of the most stressful experiences for any homeowner. The threat of losing your home and the financial strain that comes with it can feel overwhelming. However, understanding the process and knowing your options can help you take control of the situation and work toward a resolution. Here’s a comprehensive guide to help you navigate foreclosure effectively. Understanding Foreclosure Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has defaulted on their mortgage payments. It begins with missed payments and can culminate in the lender taking ownership of the property. States vary in their foreclosure laws and procedures, with some requiring judicial proceedings and others allowing non-judicial processes. Knowing the specific rules in your state is crucial to effectively managing the situation. Steps to Take When Facing Foreclosure Assess Your Finan...
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