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Mistakes Leading to Foreclosure Even When You Are Current With Your Payments
If you fall behind or fail to make timely payments of your mortgage loan, the lender will issue a 90-day foreclosure notice, and when the period expires, will take legal action to repossess your home. This is the typical situation in which homeowners lose their home to foreclosure, unless they resort to any defenses suggested by their foreclosure defense attorney. While it is true that your home is safe if you are making payments on time, there are certain conditions outlined in the mortgage agreement that, if violated, can trigger the lenderâ...
How Can an Attorney Avoid Foreclosure by Working With Your Lender?
If you have received the 90-day pre-foreclosure notice or expecting it in your mail anytime soon, hiring a foreclosure defense attorney in the early stages can make a big difference. After carefully studying your case, the attorney will be able to present you with more options than in the later stages of the foreclosure process. Not only that, they may also be able to get you a great deal with the lender, allowing you to stay in your home while finding a way to adjust payments to make the situation favorable for both parties. The following are ...
Home Loan Modification – Why You Need an Attorney
Loss of income, unemployment, divorce, medical emergency, etc. – these are just some of the reasons why Americans fail to keep up with their mortgage payments and end up defaulting. The worst part is once you start falling behind on your payments, it is very difficult to get back on track. Some people think that chapter 13 bankruptcy is the only option they have to protect themselves from losing their home to the lender, but there is another way. Since foreclosing a property is a costly process for lenders, they are willing to work with h...
Common Mistakes Homeowners Make During Foreclosure
For any homeowner, foreclosure can be a long and daunting process, accompanied by many other potential problems. When you continuously miss your mortgage payments, it leaves your lender with no choice but to foreclose your home. The good news is that there are several ways to protect your home. However, intimidation, anger, fear, and several other emotions lead people to making some mistakes that render foreclosure inevitable. Here are some common mistakes that you, as a homeowner, should avoid during foreclosure: Avoiding the Lender When facin...
The Foreclosure Defenses That Can Help Save Your Home
The declining economy and the never-ending debt cycle make it difficult for an average American homeowner to keep up with their mortgage and other loan payments. Due to financial hardships, homeowners are constantly worried about the possibility that their home will be foreclosed by banks. If you find yourself in such a situation, but want to fight back to stay in your home, you should turn to an experienced foreclosure defense attorney for help. While the best course of action varies from case to case, some types of foreclosure defenses are si...
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