subject: Loan Modification Foreclosure – What To Say To Get My Loan Modified [print this page] Why would anyone want to choose foreclosure if you don't want to undergo short sale? There are two types of foreclosures, judicial and non-judicial foreclosure. When I say non-judicial foreclosure, your lender, through a lawyer or agent, will act as a trustee in order to sell your house in an auction.
This process does not involve any court intervention whatsoever. With non-judicial foreclosure your lender or your lenders agent will act as a trustee and sell your house in a privately run auction. This process will not have the court involved in any way. The problem with non-judicial foreclosure is the fact that you will not be exempt from any liability from financial responsibilities more important than your mortgage.
Loan Modification Foreclosure What To Say To Get My Loan Modified
By: Conray Nickless
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