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Overview Of Three Stages Of Foreclosure In Alabama

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Uploaded on Apr 30, 2010

Foreclosure Defense Attorney John G. Watts discusses the three stages of foreclosure in Alabama.

[If you're facing a foreclosure, you can go to ForeclosureDVD.com, and RESPAVideo.com.

There, you can get plenty of information free of charge to help you understand where to go, and how you can handle your foreclosure case.]

Sometimes people have different meanings when they say, "My house is in foreclosure," or "My neighbor is going into foreclosure."

What does that mean?

We've broken that down into three stages.

We'll go over those in more detail, but I just want to cover what those three stages are in this video.

The first stage is before the actual foreclosure sale. This is where the mortgage company is saying, "You're late. We're accelerating your note. We're setting up a sale date. We're advertising in the newspaper." All those activities occur in that first stage, which is before the foreclosure.

The second stage is the actual foreclosure sale itself. That normally occurs at the courthouse. Somebody will stand there and read something. Then they'll say, "Who bids on this property?" Nine times out of ten, the mortgage company bids on it. That's the second stage.

The third stage is after the foreclosure sale. A lot of people think, "Once the foreclosure sale happens, there's nothing I can do. I just need to move out."

The third stage is where the mortgage company will say, "You have to move out, and if you don't, we'll sue you." They normally do. They'll sue you for an ejectment or eviction.

These are the three stages. We have before the foreclosure sale, the actual sale itself, and then after the sale, where the ejectment lawsuit comes out. We're going to spend some time on each one of these stages because they are important. I just wanted to give an overview in this video of those three stages.

If you live in Alabama and would like our book on the Five Critical Mistakes Consumers Make When Facing An Ejectment Lawsuit In Alabama or our book on Four Secrets To Stopping Foreclosures In Alabama, please contact us and we will get these to you.

John G. Watts
Watts & Herring, LLC
Serving consumers across Alabama
205-879-2447
http://www.alabamaconsumer.com/

"No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers."

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