Pending home sales in March hit their highest level since April 2010, rising 4% from February and 12% from one year ago. That’s contributing to an unusual development that is catching some would-be home-buyers off guard as the spring sales season gets under way: bidding wars are back. Inventories have fallen sharply as would-be sellers resist prices they perceive as too low and banks slow down the foreclosure process. The development is maddening for buyers who complain that there’s nothing to buy. Video Rating: 5 / 5
Question by Caribou2: Can you stop foreclosure on a house after the foreclosing date has been set?
The bank is foreclosing on my relative’s house in 3 weeks. The thing is that he is older and left the state for a long vacation without making arrangements for paying his mortgage.
He’s back now and has the money to pay everything that is owed. Can he still fork over the payment and avoid foreclosure? Or is foreclosing inevitable once the process starts? What can he do?
Best answer:
Answer by Landlord He can stop it up until the date it happens. The house is still his.
