foreclosure

[califa 0]

i just got my 2 years greencard and i have a big chance to have my house going to foreclosure. does anyone knows if this situation can be bad for my process when be the time to remove conditions?? or it's has nothing to do with???and about bankruptcy? thanks.

Edited July 15, 2007 by braz

[Dan J 277]

Its unlikely to cause any issues in removing conditions.

[vsmtghdy 2]

i just got my 2 years greencard and i have a big chance to have my house going to foreclosure. does anyone knows if this situation can be bad for my process when be the time to remove conditions?? or it's has nothing to do with???and about bankruptcy? thanks.

You can start applying for removal of conditions 90 days before your GC expires. You still have 2 years to work things out, so don't worry about the foreclosure. Just try to work things out from here on. Good luck.

[Cry_Tuff 0]

You need to contact your financial institution tho about your home...if you are still planning on staying there at the house..and try to work out a deal. Do not ignore their notices. Staying in contact with them and letting them know what is going on in your life is the best option. Most financial institutions are willing to work out a payment arrangement, but you have to make good on what you arrange.

[califa 0]

thank you very much.

[L_n_O 3]

good luck

[Nancy2015 2]

Don't worry - this won't affect your green card in any way. But the situation itself sucks - I'm so sorry it happened to you

[juan01 0]

Visit this website:

http://www.hud.gov/foreclosure/index.cfm

it is the hud program to avoid foreclosures.

[Nanusia & Lukaszek 0]

Definitely call your financial institution and let them know your financial situation. They will try to arrange sometime of payment plan agreement. Foreclosure for a bank or lending place is expensive & they'd like to avoid it too. But you have to be in contact with them. Otherwise, one day your home will be on the auction block... with you still in it.

Maybe a refinancing to a variable interest rate would help you out with a smaller monthly payment? I know this is only a short term fix, but maybe that's what you need.