Comments on: National Foreclosure Relief and Notice of HUD Rights http://upside-down-mortgage.com/foreclosure/national-foreclosure-relief-and-notice-of-hud-rights Upside-down on your Mortgage? Welcome to the Majority! Sat, 10 Apr 2010 20:53:23 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: rlloydevans http://upside-down-mortgage.com/foreclosure/national-foreclosure-relief-and-notice-of-hud-rights#comment-1800 rlloydevans Sun, 16 Aug 2009 19:44:02 +0000 http://upside-down-mortgage.com/?p=742#comment-1800 The notice you received is the first of several things that happen before a foreclosure or eviction might happen. Normally, they owners start getting these notices when they are 2-3 months late. It normally takes 8-12 months for a foreclosure to go completely through. By the way, National Foreclosure Relief is not a government institution. It is a private firm that tries to get people who are behind on their loans to use their mitigation services. In fact, they are some of the worst predators in the pre-foreclosure field. A lot of times they send these letters to owners who are late on payments. However, they also do spam mailings to cities or neighborhoods just because there is a high rate of foreclusores or bankruptcies, so it is quite possible your owners are not having any problems. Even if there is an eviction, most cases you will be allowed to stay through the end of your lease, and depending on the situation, possibly longer. You would be given at least 30 days notice before you are required to leave. However, I believe that you will be safe to complete your current lease before you have any problems. I would, however, check with the management or the owners about these suspicious letters. If you don;t get satisfactory answers, start looking for another place for when your lease expires. The notice you received is the first of several things that happen before a foreclosure or eviction might happen. Normally, they owners start getting these notices when they are 2-3 months late. It normally takes 8-12 months for a foreclosure to go completely through.

By the way, National Foreclosure Relief is not a government institution. It is a private firm that tries to get people who are behind on their loans to use their mitigation services. In fact, they are some of the worst predators in the pre-foreclosure field. A lot of times they send these letters to owners who are late on payments. However, they also do spam mailings to cities or neighborhoods just because there is a high rate of foreclusores or bankruptcies, so it is quite possible your owners are not having any problems.

Even if there is an eviction, most cases you will be allowed to stay through the end of your lease, and depending on the situation, possibly longer.

You would be given at least 30 days notice before you are required to leave. However, I believe that you will be safe to complete your current lease before you have any problems. I would, however, check with the management or the owners about these suspicious letters. If you don;t get satisfactory answers, start looking for another place for when your lease expires.

]]>