Terri Stephens | 403-827-4663

 


Whether you've missed only a single mortgage payment, multiple payments, or you are a week away from losing your home, you're not too late.

WE CAN STILL HELP!

Foreclosure can be a very scary and sensitive situation but can be resolved easily and in a timely manner when dealing with the right people. There is a lot of corruption, intimidation, and false information provided to people when they are going through the foreclosure process. We are here to give you honest facts and to help you stop the foreclosure process.


The foreclosure process takes place as follows:

  1. Your mortgager/bank/lender will hire a law firm to sue you for the full amount owing on your mortgage.
  2. The law firm will file a claim against you for that amount, and will make an application at the court to re-possess your home. The court will generally grant you a redemption period, in which you need to come up with the entire amount owing. This period ranges anywhere between 1-6 months, depending on the equity and occupancy of the home.
  3. Once the redemption period has passed, the bank's lawyer will go back to court and obtain an order from the judge to transfer the property to the bank's name, at which point you will be removed from your house and they will list it for sale with their own agents.
  4. Once the property is sold, the bank will pay out all the legal fees (which can accumulate to anywhere between $8,000-$20,000), as well as commissions to their agents involved in the sale. If these expenses exceed the sale price of the home, you will receive a bill for the difference. This is usually a substantial amount of money that most people cannot pay, and they are then forced to file for bankruptcy.
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Please visit our Open House at 103 2400 Ravenswood VW SE in Airdrie.
Open House on Saturday, February 25, 2017 12:00PM - 5:00PM
2 bedrooms, 2.5 bathroom The PIPPIN: floor plan is perfect for the person who needs the extra closet space. Choose to have two moderate closets or one big walk-in closet. Either way, you don’t need to stress about space in this home. You’ll also be extra pleased about the 36% energy savings that comes with all energy efficient ZEN homes. With all the extra money your save, you’ll be able to fill your new closets with all the latest styles and trends. Fenced yards and Community Dog Wash... A must visit. DROP by the Show Home-Weekdays 2 pm to 8 pm and Weekends 12 pm to 5 pm.
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Please visit our Open House at 103 2400 Ravenswood VW SE in Airdrie.
Open House on Sunday, February 26, 2017 12:00PM - 5:00PM
2 bedrooms, 2.5 bathroom The PIPPIN: floor plan is perfect for the person who needs the extra closet space. Choose to have two moderate closets or one big walk-in closet. Either way, you don’t need to stress about space in this home. You’ll also be extra pleased about the 36% energy savings that comes with all energy efficient ZEN homes. With all the extra money your save, you’ll be able to fill your new closets with all the latest styles and trends. Fenced yards and Community Dog Wash... A must visit. DROP by the Show Home-Weekdays 2 pm to 8 pm and Weekends 12 pm to 5 pm.
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Please visit our Open House at 23 WINDGATE VW SW in Airdrie.
Open House on Sunday, February 26, 2017 11:00AM - 1:00PM
Feeling like its HOME is so Important...the minute you walk in - the open layout will tick all your boxes. Watch the kids while preparing a meal. Stow away upstairs in the bonus room reading a book or watching a movie. What a wonderful family home to make memories in. Trendy neutral colors allow you to POP color anywhere you want. The Granite kitchen counters - and large island make the task of cooking a breeze. A favorite spot this summer with be the upper deck just off the bonus room - where you can see the park and sunsets - with a glass of wine of course. The master bedroom features TWO walk in closest - just for her...kidding..he can have a shelf. The large soaker tub takes the stress out of your day- and the full sized glass enclosed shower is a breeze to clean- rounding off with double sinks - makes the bath oasis divine. Downstairs has large windows for future bedroom development, along with roughed in plumbing and laundry area (with room for a laundry sink) a must in any home today.
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I have listed a new property at 23 WINDGATE VW SW in Airdrie.
Feeling like its HOME is so Important...the minute you walk in - the open layout will tick all your boxes. Watch the kids while preparing a meal. Stow away upstairs in the bonus room reading a book or watching a movie. What a wonderful family home to make memories in. Trendy neutral colors allow you to POP color anywhere you want. The Granite kitchen counters - and large island make the task of cooking a breeze. A favorite spot this summer with be the upper deck just off the bonus room - where you can see the park and sunsets - with a glass of wine of course. The master bedroom features TWO walk in closest - just for her...kidding..he can have a shelf. The large soaker tub takes the stress out of your day- and the full sized glass enclosed shower is a breeze to clean- rounding off with double sinks - makes the bath oasis divine. Downstairs has large windows for future bedroom development, along with roughed in plumbing and laundry area (with room for a laundry sink) a must in any home today.
Read Full Story
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