Hardship Letters
Many homeowners have questions on how foreclosures works and the way lengthy they’ve between once they miss a cost and when the bank actually forecloses. When this sort of foreclosure is used, the financial institution must file a complaint with the court. Maryland nonetheless requires that the financial institution file an order to docket earlier than foreclosures proceedings can begin. It saves the bank time and money to use non-judicial foreclosure, so it’s the 1st choice to be used whenever it can be performed.
But if the mortgage company does resolve to sue them (which would be a huge shock …