Selene Finance Foreclosure
There are common complaints against Selene Finance Foreclosure Process they include:
A foreclosure in the county where the mortgage was originated. A foreclosure when the bank failed to perform under the law. In foreclosure, the home owner finds out that the bank has gone into default without warning or just prior to the foreclosure. This has made the bank in violation of the right of the loan to collect. A lender must deliver a note to the borrower stating that he or she has defaulted in meeting its obligations. If this happens, the lender must give the opportunity for the borrower to pay what is owed.
A “No Go” warning. A “No Go” warning means that the bank has determined that the borrowers have fallen behind in their payments. The state attorney general has the power to send these notices to the mortgage company. If the company contacts the state, then the borrower can sue the bank. If the state finds in favor of the borrower, then the lender has to give the borrower the opportunity to pay what is owed.
Being removed from the home. Selina Finance states that their foreclosing process is not a direct sale. It is foreclosure by lieu of foreclosure. What this means is that, the bank gives the home back to the home owners after they have been given a court date and shown the money to be needed to stay in the home. Being detained. Being detained during a foreclosure is the worst-case scenario that a Selenium Foreclosure Home Foreclosure faces. Selena Finance has a policy of holding all homeowners in custody until the courts have had time to rule. The only way to get out is to fight to the end. The state has no other choice but to let the foreclosure go through.
The above are just some of the nightmare scenarios. If you are one of the people going through a Selene Finance foreclosure contact an experienced foreclosure lawyer today. They will help you through every step of the way. Find a professional foreclosure lawyer today and start fighting to save your home.
Nevada is one of eight states that allow the bank of default on a loan. When this happens, the defaulting bank is given the right to sell the house at auction if no other bidders step up to buy it. This means that the bank can come in and put the house up for auction for as low as a fraction of what it really is. The minimum amount due must be paid within forty days. It also means that the bank can take the home back without having to go through the court system.
what happens during the selene finance foreclosure process
Once the house goes up for auction, the public will have the chance to attend the auction and place a bid on the property. This is how it gets to be known as a “competitive bidding” affair. The price of the house can reach up to 90% below market value. You are allowed to negotiate with the bank and the Selenium Foreclosure Home Foreclosure team about your options and whether or not it is better to leave the home alone or save it. In the state of Nevada, you cannot use “onerous” actions or “revolving” liens to get out of a foreclosure. However, you can use certain types of “short sales” to circumvent a lien. These types of sales usually do not involve the bank giving up the right to foreclose on a home. The state of Nevada has made some changes to help borrowers who are behind on their mortgage payments. If you are in default of your mortgage, it is still best to contact the bank and work out an amicable solution.