We buy houses in North Stamford CT and we have dealt with foreclosures in our line of work. With that said, we know the ins and outs of the foreclosure process. If you’ve gotten a foreclosure notice of default in North Stamford CT and want to know what is really going on, keep reading.
Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy).
The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself. Although this can be really embarrassing to someone going through foreclosure, it’s actually very important protection for consumers.
Back before US law required a notice of default for Connecticut homes, people were sometimes foreclosed on without any warning.
In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around North Stamford.
The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late. If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.
Here Are A Few Key Steps You Should Take When You Received A Notice Of Default In North Stamford CT
1) Stay Calm And Don’t Panic When You Receive The Notice In Connecticut
This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.
2) Educate Yourself With North Stamford Foreclosure
Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.
3) Gather Your Resources In North Stamford, Connecticut
There are also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely, don’t try to do it all yourself. This stuff is super complicated with lots of rules.
4) Learn Your Options For Your North Stamford House
We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.
5) Communicate With Your Bank In Connecticut
The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action.
Cash For Houses In North Stamford CT
If you ever want to explore another option, you can call us for help. We are North Stamford CT home buyers and we know the process regarding house foreclosures very well including the nightmares that go with it. We will not only make it easier for you to sell your house in Connecticut fast, but you also won’t even need an agent. Want to know more?