Q&A with Bob Taylor:
Understanding foreclosure

Q:
What is foreclosure?

A:
Foreclosure is a legal process that occurs when a homeowner has stopped making payments to a lender. During this process, the lender attempts to recover the balance of the loan from the borrower by forcing the sale of the home to use as collateral against the money owed.

Q:
I received a notice alerting me of an upcoming sale date. Will I have to leave my home?

A:
Even if you have received a letter, there still may be time to stop the foreclosure process. I can act as a liaison between you and your mortgage company to help negotiate terms that can keep you in your home.

Q:
My credit is poor. Can Angel Tree Home Solutions still help me?

A:
Yes; I can help you take a look at your budget and explore your mortgage options and solutions. I can also introduce you to a trusted financial expert who can help repair your credit for added security and peace of mind.

Q:
How quickly can I suspend the foreclosure process?

A:
It varies for everyone but typically we need at least 30 days to try and stop the process.

Angel Tree Home Solutions
(502) 836-1166