REFINANCING MORTGAGE INFORMATION SEARCH


Thursday, April 9, 2009

What to Do In Case of Foreclosure

MyFox Kansas City, MO

KANSAS CITY, MO -- What should you do if you receive a foreclosure or eviction notice?

"Don't panic or stick your head in the sand. Neither action will be helpful," said Robert Baker, education coordinator at Housing and Credit Counseling Inc. in Kansas.

Call the sheriff's department first, Baker said. Find out how long the foreclosure process takes. Is it 60 days or 90 days? Then you will have a timeline to work with and time to prepare for the worst-case scenario.

Next, get on the Internet. Find out the rental laws in your state. Some states, including California and Illinois, have recently passed legislation giving renters a grace period, ranging from 30 days and up, to stay in a property after it has been sold in foreclosure. Other states are considering similar legislation. Read More...



0 comments:

REFINANCING AND MORTGAGE INFORMATION

BEST REFINANCING INFORMATION