No one wants to lose their home – but many people become overwhelmed with letters, liens, and notices from lenders and assume they have no choice. You do have a choice – you can defend your home and your family with a foreclosure defense lawsuit.
The laws surrounding foreclosure have been continually changing, most especially within the past several years. Due to these rapidly changing laws, most especially with regard to the paperwork and records kept by your lender, you may be in a strong position to protect your home and avoid foreclosure.
Many foreclosures are now being not only challenged, but invalidated, due to lenders not properly handling correspondence pertaining to the initial application paperwork as well as continual communication between client and lender. Many homeowners do not realize until they have a consultation with an attorney that their lenders have a series of behind-the-scenes responsibilities were not adhered to. Additionally, foreclosures are also affected by changes in bankruptcy laws – it is key to have the guidance that can only be provided by qualified attorneys specializing in both foreclosure and bankruptcy law.
Even if you have missed payments, have an adjustable rate loan with sudden increases, negative equity, or have had long term unemployment and feel that you can never catch up, you may still be in strong position to save your home.
In some instances, an attorney specializing in this area of law may be able to not only stop the foreclosure, but also work with you and your lender to create a loan modification that will give you a fresh start with payments that you can afford. A qualified attorney can walk you through the process of examining the structure of your original loan and the complicated terms that may have accompanied it. If you have been the victim of predatory loan, it is not too late – help may be available to you.
It is vital to speak with a qualified attorney specializing in foreclosure defense in order to know what your rights are within the complex world of the laws surrounding foreclosure.