Housing and Real Estate

Is there any way to avoid foreclosure and the auction of my home?

The law allows only one ground for opposition to this type of foreclosure process: It is established that the mortgage was previously canceled, this deed or in clearly stating the debt be fully paid.

This means that the only way to avoid losing the house and stop the process is paying. Think again. You can invoke other causes, but must do so by application to the Bank in other legal proceedings, it will not suspend the execution. (more…)

Foreclosure is a complex legal process that we will not explain in detail in an article like this. But we will try to highlight those practical aspects that may be of interest to the sufferer.

Can you auction my house out of paying two or three bills of the mortgage loan?
It is common for banks included in the deed of mortgage loan with a clause entitled “Acceleration” under which although not completed the term of the loan, the Bank may require advance payment of the entire outstanding principal amortization, interest, fees, expenses and costs and the obligation to declare expired in its entirety, if any non-payment of the agreed period. (more…)