PRE-FORECLOSURE AND FORECLOSURE PROCESS
Or are you in default (received a notice of default for non-payment of your mortgage for a few months, usually 3-4 months).
Once you receive a notice of default, you have several options:
1) you can cure the default by paying what you owe
2) ask your lender for a loan modification
3) try to sell your house as a short sale where it is listed for less than what you owe (beware: not an easy task. Get a professional, seasoned and experienced short sale realtor to handle this for you)
4) if it doesn't sell within a period of time, talk with the lender about deed in lieu of foreclosure; i.e., you hand over the deed to the property
5) file for bankruptcy
If you are receiving collection notices, sounds like the bank is still attempting to collect the amounts of delinquency --- call your bank for confirmation
WAS IT ALREADY SOLD AT AUCTION?
But if the house was already sold in an auction, and new owners are poised to take possession or sell it, you should receive a posted notice (on your front door) of eviction by a certain period of time. Once the property title and ownership has passed, you are now squattingo on a property that no longer belongs to you.
Hope this helps
Well, I'm not an attorney but you have to contact to an attorney and show your mortgage or other documents to your attorney so that they can figure out what to do. Most probably, you dont have to pay anything to the collection agency but confirm with your attorney.