Stop Foreclosure Auction

If you have fallen behind on your mortgage payments, and foreclosure is likely to take place in a few days time, you still have some options that can stop it. One of the most viable options is to apply for a grant to pay off the delinquent debt or to ask your bank for the loan modification. You are also free to file for the bankruptcy or sue the lender as a last-minute effort to save your home and stop a foreclosure auction immediately . How to pay delinquent mortgage payments to stop a foreclosure auction immediately? As per the law, the homeowner has a time of until five days before the auction sale to pay the mortgage amounts to stop the foreclosure.State funding is available to help the people who have suffered financial hardships to keep their home. Mortgage reinstatement assistance program is available for the homeowners, it is administered by the Keep your Home California. Homeowners must seek mortgage payment assistance immediately if the foreclosure sale is looming

Most of the foreclosures in New Mexico are judicial so the supreme authority is the court. It is the court that issues a notice of sale if the homeowner fails to pay the mortgage to the lender on time. Some foreclosure cases in New Mexico can be non-judicial as well. Lenders prefer to go for the foreclosure process by using the judicial method in New Mexico. So, it is very important for the homeowners to know the process as well the steps that can be taken to stop foreclosure in New Mexico . The Office of Attorney General in New Mexico can help to stop foreclosure in New Mexico : The Office of Attorney General in New Mexico has partnered with non-profit agencies to help homeowners save their home by offering free: ·      Counselling services to work with homeowners so that they can speak with their lenders ·       Attorneys to advice on their specific case If you fear foreclosure, do not wait, it is the time to contact your lender and counsellors or attorneys