Foreclosure is when a property owner fails to pay the mortgage. It’s a legal process in which the homeowner forfeits all right to the property if they can’t pay off the outstanding debt. It’s a horrible situation to be in and if you do not act fast you could lose your home.
We all know that selling a house can go as long as 6-12 months. And since time is of the essence, if you choose to sell your house through an agent or a realtor, chances are, you may lose your property.
If you think about it, it’s the worst nightmare you could ever have as a homeowner. If you’re in that situation you might be asking yourself “ What options do I have?”, “ Can I still get out of this dilemma?” “ How to stop foreclosure?” or “ Is there a way to resolve this?”