Pre-foreclosure experience anyone??

[Corey Barnes]

Essentially, the previous owner has passed on, His family is in a distressed financial situation. The previous owner passed without a will or trust, so the property is intestate.

The family couldn't afford a probate attorney, and didn't understand the process, so they were going to let the home go to the bank, for a tiny mortgage.   What I need to know, is if anyone has ever stopped the foreclosure process by making an anonymous payment, it's behind 4100.00 reported March 2020, And I want to know if anyone has stopped the process successfully.

I've hired a probate attorney to start the process and send a letter of Forbearance, but it could be 6 months until the process completes.  I'm being put forward as the administrator, and will be able to work with the mortgage company then, but want to know if I can do anything now before we lose the Moratorium, I can make the payment assuming 5500.00 for additional penalties, but don't want to flush money down the toilet, the probate attorney is already a be

Any Help is appreciated

[Account Closed]

Originally posted by @Corey Barnes:

Essentially, the previous owner has passed on, His family is in a distressed financial situation. The previous owner passed without a will or trust, so the property is intestate.

The family couldn't afford a probate attorney, and didn't understand the process, so they were going to let the home go to the bank, for a tiny mortgage.   What I need to know, is if anyone has ever stopped the foreclosure process by making an anonymous payment, it's behind 4100.00 reported March 2020, And I want to know if anyone has stopped the process successfully.

I've hired a probate attorney to start the process and send a letter of Forbearance, but it could be 6 months until the process completes.  I'm being put forward as the administrator, and will be able to work with the mortgage company then, but want to know if I can do anything now before we lose the Moratorium, I can make the payment assuming 5500.00 for additional penalties, but don't want to flush money down the toilet, the probate attorney is already a be

Any Help is appreciated

I've stopped foreclosures many times by paying the arrears. There are a lot of things at play here though. If the bank has been properly notified of the passing of the borrower and if they did the foreclosure properly, you take a certain direction. If they were never notified you take a different direction.  That amount in March needs now to include April, May, June, July and August and legal fees, late fees and unpaid taxes.

Was the bank notified or not?

Anyone else on the loan?

Anyone have POA or Authorization?

What week is the sale date? (How much time do you have to work on it)