Real Estate Law
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You still retain title to the home until the property is sold at a foreclosure sale or the title reverts to the mortgage lender after a foreclosure sale that has no buyers. Listing a home for sale between filing the Notice of Default and the foreclosure sale is permitted and can resolve a foreclosure if sale of the home is completed before the foreclosure sale date. This is because the loan will most likely be paid off by the sale transaction.
It is best to inform the lender in writing and see if he/she/it agrees to postpone the foreclosure sale. The lender does not have to agree to delay the foreclosure sale date; but may have incentive to work with you.
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