Real Estate Law
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Hello: My name is ***** ***** I am an attorney. Please give me a moment to review your question. I may ask some questions to clarify issues.
If there is a court date like you say, it is better to appear than not to appear. If you do not appear, you would be in default, which could actually speed up the foreclosure process. So, going to court is better than not going to court. If you are looking to do a short sale, you can look into it as the foreclosure proceeding progresses, and possibly you can request a stay of the foreclosure proceeding if the short sale looks like it is moving forward. We can discuss more if you want to do so.
If the house is in foreclosure and you have no money to pay the mortgage even if interest and penalties are eliminated, then the chances of stopping the procedure are slim. Possibly you can offer a deed in lieu of the proceeding; or a short sale as you mention. If you have follow-up questions, let me know.