Legal Question in Real Estate Law in Texas

Foreclosure
Location: Lancaster, TX, 75134
Type of Property Residential
Total Amount of Payments That Are Past Due $1,576
Total Amount of the Loan $100,000
Have You Received a Notice of Default From the Lender Yes
Description: I'm behind two payments and have been notified of Default and Intent to Accelerate (Regions Mortgage). Demand has been made to pay the full past due amount or the entire loan balance will be the next demand to meet. My question is I have the money to make November's payment, but being two months behind should I keep the money and pay my utilities, and prepare for foreclosure? Or will making this months payment possibly buy me some time to get the past two months payments together to pay off, like by the end of the year? Thank you so much for your time and for offering this service. Regards, Tim

Asked on 11/04/11, 1:33 pm

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0 attorneys agreed

Tim -

What do you want? Do you want to stay in the house? Or do you want out? Are you upside down on the mortgage? Have you attempted any modification?

Answered on 11/04/11, 4:42 pm

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