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Foreclosure notice of default in WI– what is it?
August 20, 2019
By Derek Dombeck
Our A+ BBB Rating!
Call Us! (715) 952-1067
Get A Cash Offer Today Our Company
Foreclosure notice of default in WI– what is it?
August 20, 2019
By Derek Dombeck
Our A+ BBB Rating!
If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading.
Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.
The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy).
The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself.
Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers.
Listing vs.
Selling To Us
Which route is quicker?
Puts more cash in your pocket? Has less hassle?
Back before US law required a notice of default, people were sometimes foreclosed on without any warning.
In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around Wittenberg.
The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late.
If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.
Here are a few key steps you should take:
1) Stay calm and don’t panic.
This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.
2) Educate yourself.
Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.
3) Gather your resources.
There’s also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely don’t try to do it all yourself. This stuff is super complicated with lots of rules.
4) Learn your options.
We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.
5) Communicate.
The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action.
Want to know more?
Get Your Fair Cash Offer: Start Below!
We Buy Houses in ANY CONDITION in WI. There are No Commissions, No Fees and No Obligation whatsoever! Start below by giving us a bit of information about your property or call (715) 952-1067..
Call us anytime (715) 952-1067 or connect with us on our website and we’ll lay out all of your options for your specific situation.
Client Reviews…
“We knew within a matter of an hour we wanted him to buy our house… it was just THAT easy.”
“I’d first like to start out by saying that my first impression of Derek of I Buy Houses WI, LLC was nothing less than an immediate comfort level. We knew within a matter of an hour that we wanted him to buy our house because there were so many options available to us that were more than workable for all parties concerned. He was more concerned about his client being comfortable with how the process took place and made sure that everyone was happy with how everything fell into place. We know one thing for sure if there’s anyone we know that wants to sell their house in Wisconsin… I Buy Houses WI, LLC is the way to go. It was just THAT easy.”
Gail Grenke - WI Home Seller
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“Our situation was complicated, but Derek found a solution to help us that neither a Realtor nor attorney could.
“We traveled down many roads trying to find the right person or group to work with. We needed someone to help us in our situation but had very little success. Then we found Derek. Our situation was complicated, but Derek found a solution to help us that neither a Realtor nor attorney could. Through the challenges of our situation, Derek stood by his decision to help us, not because it would prove to be profitable, but because it was the right thing to do. In today’s society, this is a very difficult trait to find in a businessman. I highly recommend working with Derek and his company.”
Bob & Laura Binder - Wisconsin
Home Seller / Client
Listing vs.
Selling To Us
Which route is quicker?
Puts more cash in your pocket? Has less hassle?
If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading.
Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.
The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy).
The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself.
Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers.
Back before US law required a notice of default, people were sometimes foreclosed on without any warning.
In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around Wittenberg.
The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late.
If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.
Here are a few key steps you should take:
1) Stay calm and don’t panic.
This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.
2) Educate yourself.
Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.
3) Gather your resources.
There’s also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely don’t try to do it all yourself. This stuff is super complicated with lots of rules.
4) Learn your options.
We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.
5) Communicate.
The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action.
Want to know more?
Get Your Fair Cash Offer: Start Below!
We Buy Houses in ANY CONDITION in WI. There are No Commissions, No Fees and No Obligation whatsoever! Start below by giving us a bit of information about your property or call (715) 952-1067..
Call us anytime (715) 952-1067 or connect with us on our website and we’ll lay out all of your options for your specific situation.
Client Reviews…
“We knew within a matter of an hour we wanted him to buy our house… it was just THAT easy.”
“I’d first like to start out by saying that my first impression of Derek of I Buy Houses WI, LLC was nothing less than an immediate comfort level. We knew within a matter of an hour that we wanted him to buy our house because there were so many options available to us that were more than workable for all parties concerned. He was more concerned about his client being comfortable with how the process took place and made sure that everyone was happy with how everything fell into place. We know one thing for sure if there’s anyone we know that wants to sell their house in Wisconsin… I Buy Houses WI, LLC is the way to go. It was just THAT easy.”
Gail Grenke - WI Home Seller
“Our situation was complicated, but Derek found a solution to help us that neither a Realtor nor attorney could.
“We traveled down many roads trying to find the right person or group to work with. We needed someone to help us in our situation but had very little success. Then we found Derek. Our situation was complicated, but Derek found a solution to help us that neither a Realtor nor attorney could. Through the challenges of our situation, Derek stood by his decision to help us, not because it would prove to be profitable, but because it was the right thing to do. In today’s society, this is a very difficult trait to find in a businessman. I highly recommend working with Derek and his company.”
Bob & Laura Binder - Wisconsin
Home Seller / Client
Leave a Reply
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