This is the last stage of the process when you are delinquent on your mortgage and have not been able to engage your lender in resolving your situation through any other methods. You will know if your property is scheduled for foreclosure if you receive a "Notice of Trustee's Sale". This is the official notification that is taped to your house and mailed to you.
IF YOU ARE IN THE MIDDLE OF NEGOTIATING A LOAN MODIFICATION AND YOU RECEIVE A "NOTICE OF TRUSTEE'S SALE", DO NOT ASSUME THAT YOUR LENDER WILL AUTOMATICALLY POSTPONE THE FORECLOSURE DATE. UNLESS IT IS CONFIRMED IN WRITING, YOUR LENDER CAN AND MOST LIKELY WILL FORECLOSE EVEN IF YOU ARE IN THE MIDDLE OF NEGOTIATING A LOAN MODIFICATION.
If you are in this situation, we can quickly look up public filings for your address and confirm whether the foreclosure date has been postponed. It only takes five minutes to do, we don't mind. We would love to help you if we can.