Delaying the Foreclosure Process - Loan Modification Forum

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Delaying the Foreclosure Process

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Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Need Help with a deed in lieu of foreclosure AKA Take this Home & Shove It! You are not alone. We thought we would add this section to the forum to assist the homeowners that have made the tough decision to walk away from their homes. This is America and you have the right to walk away from contracts and your home. The question is what implications will you suffer for saying, "Take this home and shove it, I aint paying you no more!" Find out the good, the bad and the ugly.

This is a discussion on Delaying the Foreclosure Process within the Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? forums, part of the Stop Foreclosure and Tell Us Your Story category; Has anyone had experience delaying the foreclosure process by accepting a modification, paying only one month, and then starting the ...

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08-19-2009, 03:33 AM	#1 (permalink)
Jennif4 Junior Member Join Date: Feb 2009 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Delaying the Foreclosure Process Has anyone had experience delaying the foreclosure process by accepting a modification, paying only one month, and then starting the cycle again of hanging on another 6 or so months? We were offered a mod through NACA, but have not responded yet. If we accept it and pay for only one month, we're wondering if the default process will start all over again. Also, if my loan in non-recourse (CA), does a modification affect that? Thanks in advance, this has been a great resource!

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