Let’s Fight Foreclosure Together
When you are facing foreclosure, you have options… but only if you don’t wait to act. The longer you wait to act, the less options you have. Now is the time to take action and move Forward. We are here to help.
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Stay in My Home
Quick Solutions
Explore Your Options During the Foreclosure Process
In Delaware, every home in foreclosure follows the same standard process. Your options for fighting foreclosure depending on what stage in the process you are in.
Initial Letters
Letters you receive in the beginning of the pre-foreclosure process informing you of breach of contract and lender’s intent to foreclosure
Fair Debt Letter
Letter from lender that alerts owner that their mortgage is overdue and the total amount now due in full.
Writ of Scire Facias
The official lawsuit the lender files with the county to begin foreclosure
From the time this is filed, you have about 5 months before the home is sold.
Mediation
All owners who live in a 1-4 unit house in Delaware have the option to meet with a mediator.
During mediation, you can work with the mediator to modify your loan, reinstate the loan, or come up with a repayment plan.
Pre-Foreclosure
Judgement
The foreclosure attorney enters a judgement with the court in your name.
The judgement generally includes the total amount owed on your mortgage plus interest and fees on late payments and legal fees.
Sheriff Sale
The official request (Levari Facias) is issued to sell your home at the sheriff sale.
You generally have 2-8 weeks after you receive this notice to when the property will be scheduled for sale.
Sheriff will send notices to lawyers and public regarding upcoming sale.
Foreclosure
FAQs
What is Forward Real Estate Group?
Forward Real Estate Group is a real estate investment group and the reliable and trustworthy partner for members of our community who are in need of finding solutions to foreclosure problems quickly. We aim to provide excellent and reliable resources that help our clients move forward as quickly as possible.
Why is a real estate company providing resources for me to save my home ?
Even though we are a for-profit company, we understand the skepticism that comes around companies like ours. If there’s a way for you to save your home, it behooves us to help you find it. Because it speaks to our focus on finding true solutions - which differs from a lot of our competitors.
The reality is that enough homeowners will find themselves in situations where they are unable to save their homes, and in that case, we will provide solutions that include investing with us.
For the ones that still have time, we’ll point you to the right resources.
Will a foreclosure affect my credit?
Yes, a foreclosure will have a significant impact on your credit score, potentially lowering it by 100 to 160 points or more. It can stay on your credit report for up to seven years, making it harder to qualify for loans, rent properties, or secure favorable interest rates.