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Company Loan Type APR Est. Pmt.

No notice of foreclosure

Posted on: 24th Feb, 2009 05:28 am
Hi! I have a family member who never received a foreclosure notice.He only found out because his name was in the paper. Is there anything he can do about this?
Hi Dee,

It is necessary for the lender to send a foreclosure notice to the borrower before foreclosing the property. I would suggest your family member to contact the lender. If the lender is unable to give a proper answer, then he/she can fight it out in the court.
Posted on: 24th Feb, 2009 10:08 pm
here's a question...did your family member not know that he was delinquent on the mortgage? i mean...was this a complete surprise?
Posted on: 27th Feb, 2009 01:04 pm
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