Sentences with phrase «early stages of the foreclosure process»
Loan modifications and refinancing are two options that you might consider in the early stages of the foreclosure process.
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«Detailed questions regarding foreclosure procedures should be avoided, especially in the early stages of the mortgage application process,» says Rhett Struve, realtor for Keller Williams Premier Realty in Lake Minnetonka, Minn. «Lenders will view this negatively because it displays a potential inability to make the necessary monthly payments.»
More specifically, locating a foreclosed home depends on where exactly it is in the foreclosure process: Properties can still be owned by the original homeowner (in the earlier stages, in case of pre-foreclosure and short sale properties), or by an entity such as a bank or the government (in the later ones).