foreclosure mortgages
Any one file a foreclosure with First Mortgage Bank?
I am considering foreclosure, I want to know if anyone has foreclosed with First Mortgage Corp Bank. What happened and how long were you able to stay in your house for? Did they work with you at all?
Thanks, any help will do right now.
You’re considering foreclosure? I don’t think you understand. It’s not your choice. It’s the bank who decides to foreclose on you. The foreclosure process takes a while so you’ll be in your home for a while. But all the while interest charges will accumulate and you will get deeper in debt. And if the proceeds from them selling your home does not cover your debt and the costs they incur, you will owe them the difference. Believe me when I say, foreclosure is not a good thing. You’re better off selling your home or working out something else with the bank.
