Asked by ., Sioux City, IA • Tue Apr 27, 2010
If a homeowner is behind on payments to the point that the county has filed an Notice of Election & Demand (NED), can the homeowner make up the delinquent amount and stop the foreclosure process?
Could it be that if the property is vacant, the homeowner in foreclosure could sell the property on a lease option or contract for deed and collect a large enough downpayment to cure the missed payments and rent the home to someone who is able to make the mortgage payments while avoiding the foreclosure auction?
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