In Claymont, where older homes and rentals are common, the first foreclosure question is often whether the house is your home or an investment. Delaware's mediation program is for owner-occupied one-to-four unit primary residences, and the Attorney General's page says to call the hotline if you rent out the house. The sheriff is New Castle County's, because Claymont is unincorporated.
No obligation. We respond within 24 hours.
An as-is cash offer can come from Kaizen Home Buyers within 24 hours, and neither repairs nor an agent commission are part of it. Closing can be 14 to 30 days out or on your date. We cannot postpone a sale. The lender's attorney, the sheriff or the court holds that decision.
The program is free and open to people who own a one-to-four unit home as their primary residence. A notice of foreclosure mediation is served with the complaint in those cases, and the conference is set 45 to 75 days after service. If you own a Claymont rental, call (800) 220-5424 to ask whether your case is covered rather than waiting for a conference notice.
On an owner-occupied one-to-four family home, the notice of intent must include a 12-month accounting of the loan, and the plaintiff must file a loss mitigation affidavit before judgment or sale, or the judgment is dismissed without prejudice. These protections are tied to owner-occupied homes. An investor should assume they may not apply and ask an attorney.
New Castle County sells on the second Tuesday of each month at 9:00 a.m. at the City/County Building, 800 N. French Street, Wilmington. Bidders register from 7:30 to 9:15 a.m. and need $10,000 in certified funds, collected only from the winner. On mortgage sales, 20 percent is due at the time of sale. The Sheriff's number is 302-395-8450. Call the Sheriff's Office at 302-395-8450 for real estate sale information, and ask the plaintiff's attorney to confirm in writing if a sale has been postponed.
Send the address, whether tenants live there and what you owe. We estimate the house as it stands so you can compare it with the payoff. An older rental or rowhouse may need work a retail buyer would ask for, and our figure accounts for that. Whether a sale beats a workout depends on your equity.
If tenants live there, tell us early because their lease affects closing. We aim for 14 to 30 days or a date you choose, but the lender and title company control payoffs. Call 267-329-0084. The rent roll and the end date of each lease matter, since a buyer will ask about both before it commits to a closing date, and so will the title company.
Probably not, since the program is for owner-occupied primary residences. Call (800) 220-5424 to ask about your case. If the loan is on a rental, ask an attorney whether any of the owner-occupied protections still reach you, and do not wait for a conference notice that may never come.
The second Tuesday of each month at 9:00 a.m., at 800 N. French Street, Wilmington.
The amount in default, how to reinstate, housing counselor contacts, the Attorney General's hotline and a 12-month loan accounting, on owner-occupied homes. An owner who rents the house should not assume the same safeguards apply. Bring the notice you received to an attorney and ask which Delaware rules cover your case.
As-is cash offers from Kaizen can close in 14 to 30 days or on your date, subject to the lender and the court record.
General information, not legal or tax advice. Rules change; confirm details with the office or a professional.
No obligation. No fees. Just a fair offer from a local buyer.