Technical & Practical FAQs
What documents do I need for foreclosure prevention assistance?
You’ll typically need your mortgage statement, income documentation, hardship letter, and proof of expenses. Having these ready helps Equity Shield quickly review your case and build a foreclosure prevention strategy.
How long does the foreclosure process take?
The timeline varies by state. Some states allow foreclosure in as little as 90 days, while others may take 6–12 months or longer. Equity Shield helps homeowners understand their state’s timeline and find solutions before foreclosure is finalized.
Can foreclosure be stopped once it has started?
Yes. Even after foreclosure proceedings have begun, homeowners may still stop foreclosure through options such as repayment plans, loan modifications, or Chapter 13 bankruptcy protection. Equity Shield works to provide solutions at every stage.
What is a hardship letter and why is it important?
A hardship letter explains to your lender why you’ve fallen behind on mortgage payments. It includes details about financial challenges (job loss, medical bills, reduced income). Equity Shield helps homeowners draft hardship letters that improve their chances of approval for foreclosure relief programs.
Can I sell my home to avoid foreclosure?
Yes. In many cases, homeowners can pursue a short sale or traditional home sale to avoid foreclosure. Selling may help preserve your credit score and avoid the long-term damage foreclosure causes. Equity Shield advises homeowners on whether this is a good option.
Does foreclosure affect my credit?
Yes. Foreclosure can remain on your credit report for 7 years and significantly reduce your credit score. By working with Equity Shield on foreclosure prevention strategies, many homeowners avoid foreclosure and protect their credit.
How can I check the status of my foreclosure case?
You can check through your lender, county records, or court system, depending on your state. Equity Shield assists clients by reviewing foreclosure notices, timelines, and legal filings to ensure you understand where you stand in the process.
Get In Touch
