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Updated almost 8 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Hot Springs Village, Arkansas
  • Member since Nov 26, 2014
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Hot Springs Village, Arkansas
  • Member since Nov 26, 2014
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Account Closed
  • Lender
  • Hot Springs Village, AR
92
Votes |
274
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Foreclosures

Steps to Foreclosing

Account Closed
  • Lender
  • Hot Springs Village, AR
Posted

What is the first step in starting the foreclosure process?

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Rich Baer's profile image
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Rich Baer
  • Real Estate Investment Attorney
  • from Kingsville, Maryland
  • Member since Feb 21, 2016
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Rich Baer's profile image
Rich Baer's profile image
Rich Baer
  • Real Estate Investment Attorney
  • from Kingsville, Maryland
  • Member since Feb 21, 2016
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Rich Baer
  • Real Estate Investment Attorney
  • Kingsville, MD
407
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643
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Rich Baer
  • Real Estate Investment Attorney
  • Kingsville, MD
Replied

@Account Closed

I assume you are holding a mortgage and the homeowner has stopped paying. Find a foreclosure Attorney in your area and meet with him/her. He will have the necessary forms to send to the Debtor and the timetable for the process. Be prepared to pay the filing costs up front. The foreclosure is not something you can do yourself.

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