Alabama Home Foreclosure Prevention Package

State:
Multi-State
Control #:
US-P111-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package provides many different tools for a homeowner to prevent foreclosure of a home. The forms cover various means to obtain assistance at all stages of the foreclosure process. Purchase of this package is a savings of 63% over purchase of the forms individually! Included in this package are the following forms:



1. Letter to Lender for Produce the Note Request


2. Offer by Borrower of Deed in Lieu of Foreclosure


3. Motion to Dismiss Foreclosure Action and Notice of Motion


4. Petition or Complaint to Enjoin Nonjudicial Foreclosure Sale and for Declaratory Relief


5. Petition to Enjoin Foreclosure Sale and Seeking Ascertainment of Amount Owed on Note and Deed of Trust


6. Qualified Written RESPA Request to Dispute or Validate Debt


7. Request to Lender or Loan Servicer for Loan Modification Due to Financial Hardship - Requesting Change to Fixed Rate of Interest of Adjustable Rate


8. Hardship Letter to Mortgagor or Lender to Prevent Foreclosure


9. Sample Letter for Short Sale Request to Lender


10. MHA Request for Short Sale


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FAQ

Stages of Foreclosure in Alabama There are three stages to a foreclosure in Alabama. The first stage is what happens before the home is put up for sale. The second is what happens after the home is sold. The third occurs only if the person who lost the home doesn't move out after the home is sold.

4 Ways to Stop Alabama Foreclosure Catch up on past-due balances. ... Apply for a loan modification. ... Consider a short sale or deed in lieu of foreclosure. ... File Chapter 13 Bankruptcy. ... What about Chapter 7 Bankruptcy?

After an Alabama foreclosure sale, the purchaser must give you ten days' notice to leave before starting eviction proceedings.

In Alabama, lenders do not have to sue you in court first in order to foreclose on your property. Lenders do have to publish the foreclosure date in a local newspaper for three consecutive weeks prior to the foreclosure sale. You may also receive a letter from your lender advising you of their intentions.

Income Limits TARGET AREASNON-TARGET AREASFamily Size3+ 1-23+ 1-2STATEWIDE (except counties specified below)$111,440 $95,520$91,540 $79,600BALDWIN COUNTY$119,400 $111,600$106,950 $93,000BIRMINGHAM AREA (Bibb, Blount, St. Clair, Shelby & Jefferson Counties)$119,400 $108,480$103,960 $90,4004 more rows

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Alabama Home Foreclosure Prevention Package