intent to foreclose letter

Essentially this means you can pay back the entire mortgage, due to the acceleration clause in almost every mortgage or you could possibly have the opportunity to simply pay back the delinquent payments you have on your mortgage that you have not made. Usually if you need to pay off the entire mortgage when you received that letter, but you might want to consult with your bank. Essentially if you do not pay off the mortgage within 30 days then a sheriff sale will proceed by the laws of your state. You can simply Google foreclosure laws in your own state and you will find with the process will be. You may want to consider hiring a foreclosure defense lawyer to really look at the matter to see if you have any affirmative defenses to your case. I have responded to your inquiry according to the laws of Massachusetts, where my firm is located. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options. Email messages/Online Correspondence are akin to conversations and do not reflect the level of analysis applied to formal legal opinions. Email/Online responses do not form an attorney-client relationship.    Joseph F. Botelho, Esq. BOTELHO LAW GROUP Attorneys At Law http://fallriverbankruptcyattorney.com/ 901 Eastern Ave.  Unit 2 Fall River, MA 02723  Office:  888-269-0688 FAX:    877-475-8147 #bankruptcy  #lawyer  #FallRiver  #Chapter7  #chapter13  #debt  #debtsettlement  #foreclosure  #attorney   #cantpaybills  #lawsuit  #court  #bankruptcycourt  #eviction  #lostmyjob