If we have just received notice of default on our home, is there any way to stop this if we pay the past due amount owed?
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If we have just received notice of default on our home, is there any way to stop this if we pay the past due amount owed?
This w s for sale by owner. We are 4 months behind.
Asked on October 11, 2011 under Real Estate Law, Idaho
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If you have just received a notice of default from your lender regarding your home, the best way to take care of the issue is to pay all monies owed (past monthly amounts as well as late fees). When you pay this amount, make sure that you send a letter stating what is being sent with your check certified mail, return receipt requested.
Keep a copy of the latter for future reference.
I would also follow up with a telephone call to the lender confirming receipt of the payment to make sure it was received. To be on the safe side, you may also want to consult with a real estate attorney regarding the status of things as well to protect your interests.
Good luck.
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