Have you received a Notice of Default?

Nationwide it is the "golden age" of foreclosures, but don't let it happen to you! With foreclosure not only do you lose your home and your equity, but your credit will be destroyed for years. It will make life much more difficult as you will be unable to buy real estate, purchase vehicles, rent housing, and even qualify for Satellite TV for years. When credit is extended to you, it will only be at the highest and most expensive terms costing you far more of your hard earned money.

If you are in over your head and think foreclosure is inevitable, we may be able to help. You have options. Receiving a Notice of Default is not the end. You still have several months to avoid that foreclosure. I have connections with investors and potential buyers who may be able to buy your home, or work out creative terms that will allow you to stay in it. In the long run, it is far better to settle now, and avoid foreclosure, than to have to pay for it again and again. Nobody wins with foreclosure.

For a confidential analysis of options and possible solutions we may be able to provide, please fill in the form below. There is no obligation or fee:

How Important is Saving your Credit? Most Important- I want to move on with life, and buy again.Somewhat ImportantWould be nice to salvage, but its already in bad shape.Not Important right now. Getting out and Moving on FAST? Most Importan- I just want OUTId like to get the most out of it, but dont have a lot of time.I have time and whant to make sure we do whatever is financially best. Being able to Stay in your HOUSE? Most Important - We cant Leave here.Would be nice, but might not be economically possible.Not Important - Im already out or will soon be out regardless. Lowering your payments? Most Important - I dont care if I have TITLE of the house or not as long as I can afford it.Important - But I still want Title of the house.Not Important - Were moving on. Netting $$$ from your House? Most Important - I have equity, and need as much Cash as I can get.I need Cash to move on, but times running out....I just need enough to cover the expenses, anything else would be bonus.There is no equity in my home and I just want to move on. What is your monthly NET Income? What are your current monthly expense amounts? How much $ do you have in Savings/Liquid assets? How many months are you behind on your payments?* Who is your Primary Lender?* What is your current mortgage payment?* Do you have any additional liens/delinquencies on your property? Have you filed for bankruptcy? Yes No Im in the process E-mail Address: * First and Last Name:* Phone Number: * Mobile Phone Number Property Address:* Describe Your Situation, How you got there, and what is most important to you now. * * Required

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The Logan Foreclosure Process

Preforeclosures in Logan Utah

Notice of Default:

The pre-foreclosure process begins when home owners receive a notice of default (NOD), because they have missed mortgage payments. Lenders assign a "trustee" as the Grantor who is responsible to execute the foreclosure process. The Trustee sends out a Certified Letter notifying the borrower that they are in default. This notice can be sent as soon a payment is missed, but usually won't come until three or four months after the first missed payment.

At this point the house is not foreclosed, and you can make the loan current by paying all that is owed, plus any fees. Making the regular payment is not enough. All missed payments and fees must be paid in full. You have approximately 3-4 months to clear the default before the Foreclosure will actually take place.

Your lender may also give you an opportunity for Forbearance where they will "Modify the Loan" and the terms. This will place the notice of default on hold, but it will not be completely cleared.

Notice of Trustee Sale

If no steps have been made to sell the house, or bring the loan current the borrower will receive a "Notice of Trustees Sale." This notice is received approximately 3 months after the Notice of Default. The notice of trustee sale will be posted on the buyers property, delivered to the Cache County recorders office, and will run ads in the Herald Journal for 3 consecutive weeks.

If the home owner can not make up the missing payments, and the owners owe more than the homes market value, the home owner can often sell their house under "short sale status."

The Trustee Sale at the Cache County Courthouse

Trustee sales in Logan take place at the court house steps located at 135 N 100 W. This is a public auction, and anybody may bid on the house if; 1.They provide $5,000 certified funds prior to bidding. 2. Can pay the entire balance in full within 24 hours. Properties sold at the public auctions are sold as is and without warranties. At this point the prior home ownes will not only have the foreclosure on their credit, but they may also get a deficiency judgment showing that they still owe on any additional amount the lender did not recover.