Birmingham Alabama Foreclosure Help, Defense, Laws and Process


Every day you read about the verdict of the cases of Birmingham foreclosure process. It is seen that the later quarter of year 2010 has seen many foreclosures in city of Birmingham. Even there are many homes in foreclosures list of Birmingham. People eagerly read articles about mortgage help and loan modification. There is a fear of bankruptcy in the minds of the people of Birmingham. This article will basically outline the Birmingham foreclosure process and outline the solutions to the Birmingham foreclosure process. Consider going in for a HUD certified foreclosure process counselor.

Anyone who is already suffering the Birmingham foreclosure process should immediately get in touch with a HUD (Human and Urban Development) approved counselor who will help you work out a plan to stop the foreclosure process with your assets.

Stop Foreclosure in Birmingham, Alabama

Things you should have done or should do while in the middle of the Birmingham foreclosure process:

  • Ignoring the problem is the biggest mistake: don’t try to overcome by avoiding the mistake. The more you exceed the deadline the more it will get difficult for you to repay the amount.
  • Get in touch with your lender: at the time of financial crisis it becomes extremely important for you to win the lender’s trust. So it becomes extremely important to get in touch with your lender as soon as you start experiencing financial problems
  • Knowing and understanding your rights are important: if you know your rights and understand them well then you can work out even a more concrete solution to the problem. Like let’s say the redemption deadline in the Alabama state where the Birmingham city resides is one year and you think you can work out good in that one year than you must work hard after foreclosure and initiate the redemption right.
  • Always only get in touch with a HUD-approved counselor and prevent meeting a private Birmingham foreclosure process counselor: it has been repeatedly notified that people should avoid getting in avoiding foreclosure process scams and that is most probably initiated when you get in touch with a private foreclosure process counselor.

Birmingham Alabama Foreclosure Process

Quick facts to be kept in mind during the Birmingham foreclosure process:

  • “Deed of trust” and “mortgage” is being used as securing methods by the lenders in the Alabama state that means while signing the loan agreement you gave the lenders a resale right of your property in case you failed to payback. For this the lenders won’t need any judicial intervention.
  • Apart from this the lender can seek judicial help and file a lawsuit and obtain orders to initiate the process of foreclosure.
  • The timeline varies from 30 days to 60 days which is quite long and can give enough windows to work out a solution for the Birmingham foreclosure process.
  • Moreover the redemption timeline for the Birmingham foreclosure process is 12 months which even gives you more time to work out an even better plan.

Birmingham foreclosure process counseling: