Even though this blog has examined numerous topics over the past year of its existence, one of the few topics it has not touched on in a much less than tangential way is how the actual foreclosure process works, from beginning to end. This is a incredibly broad subject, needless to say, and one that is dealt with differently in each state, but a short discussion can permit homeowners to formulate a common idea of what to anticipate ahead of, through, and soon after a economic crisis that causes them to miss their mortgage payment. Without having a general idea how how foreclosure works, homeowners will find it very challenging to determine on which options they might qualify for to save their properties. They may waste time seeking that perfect solution that will not exist, or they may well choose the wrong selection to work on and shed their homes. Understanding how the foreclosure method might be conducted by the bank plus the court will assist them avoid either of these consequences.

My ex-husband was supposed to pay my mortgage in lieu of child support per our divorce agreement. He has stopped making payments and my home will soon be in foreclosure. I am on disability (SSI) and was wondering if there were any programs to protect disabled people from losing their homes to foreclosure. I doubt there is, but I am desperate as my son is also disabled with autism and moving out of the only home he’s ever known will be terribly detrimental to his progress.

My house went up for a tax sale and someone purchased the certificate. They are about to foreclose. My father is on SS disability and we live in New Jersey. He is half owner of the house which he shares with a brother. The house is paid off except for the taxes. Are there any programs, loans, or any help out there that can save my house?