Certified Mail

Certified mail: Mail that provides proof of mailing to the sender via receipt.

Certified mail: Certified or registered mail is a service provided by the post office, which gives the sender proof of mailing via a mailing receipt and, upon request, electronic verification that a letter or document was delivered or that a delivery attempt was made.

Certified Mail: A Call to Action

The first step in the foreclosure process is the release of a notice of default by the bank, which usually takes place after the homeowner is 30-45 days past due on their mortgage. This notice should be sent to the homeowner by certified mail in order to ensure the chain of custody of the documentation.

The receipt of certified mail can be intimidating at the start of the foreclosure process; however, the bank will usually allow the homeowner a fixed amount of time to repay the mortgage debt before initiating a foreclosure lawsuit.

Certified mail from the bank should include a date by which the homeowner must bring their past-due account balance current. If the homeowner pays the outstanding balance, the mortgage loan will be reinstated, meaning the homeowner will once again be in good standing with the bank and the threat of foreclosure will be eliminated.

Despite having some time, a homeowner that receives certified mail from the bank should be prompted to immediate action. Though the foreclosure and eviction process can be lengthy, in the end it will result in the loss of the home. Some homeowners opt for a deed in lieu of foreclosure to voluntarily relinquish their homes and avoid damaging their credit report.

According to Lambros Politis, attorney and co-author of The Ark Law Group: Complete Guide to Short Sales, “Lenders have a lot of leeway early in the process. Few will start foreclosure proceedings if you’ve missed just a single payment. While things may have dragged out for some time earlier in the process, once the wheels of foreclosure have started turning it’s critical that you do something to get the best possible result – whether it’s a delay in the process or, better yet, selling your property to clear your debt.”

Certified Mail

Certified mail: Mail that provides proof of mailing to the sender via receipt.

Certified mail: Certified or registered mail is a service provided by the post office, which gives the sender proof of mailing via a mailing receipt and, upon request, electronic verification that a letter or document was delivered or that a delivery attempt was made.

Certified Mail: A Call to Action

The first step in the foreclosure process is the release of a notice of default by the bank, which usually takes place after the homeowner is 30-45 days past due on their mortgage. This notice should be sent to the homeowner by certified mail in order to ensure the chain of custody of the documentation.

The receipt of certified mail can be intimidating at the start of the foreclosure process; however, the bank will usually allow the homeowner a fixed amount of time to repay the mortgage debt before initiating a foreclosure lawsuit.

Certified mail from the bank should include a date by which the homeowner must bring their past-due account balance current. If the homeowner pays the outstanding balance, the mortgage loan will be reinstated, meaning the homeowner will once again be in good standing with the bank and the threat of foreclosure will be eliminated.

Despite having some time, a homeowner that receives certified mail from the bank should be prompted to immediate action. Though the foreclosure and eviction process can be lengthy, in the end it will result in the loss of the home. Some homeowners opt for a deed in lieu of foreclosure to voluntarily relinquish their homes and avoid damaging their credit report.

According to Lambros Politis, attorney and co-author of The Ark Law Group: Complete Guide to Short Sales, “Lenders have a lot of leeway early in the process. Few will start foreclosure proceedings if you’ve missed just a single payment. While things may have dragged out for some time earlier in the process, once the wheels of foreclosure have started turning it’s critical that you do something to get the best possible result – whether it’s a delay in the process or, better yet, selling your property to clear your debt.”

Scroll to top