You should pay attention to the foreclosure laws in your state, which credit-yogi can provide to you free of charge. Information should be available from a state service, or you could retain a lawyer. You must follow the laws according to your state, because there is no wiggle room. It is also important that you make sure that your lender is following these laws as well. With foreclosures reaching an all time high, many lenders are retaining services to pursue these foreclosures for them, and some of those services may not be on firm legal ground. If your lender or a representative of your lender violates foreclosure laws, they could surrender many of their rights to execute a full foreclosure. Hiring a lawyer might be particularly helpful if you suspect that this is happening is happening to you.
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Depending on your equity as well as other factors, you could immediately pursue a mortgage refinancing to help stop foreclosure. Your primary lender may not address this, but there are many third party lenders who could. They may offer surprisingly beneficial terms on a loan modification as an ideal outcome. When pursuing this, you can make sure that you account for all hidden costs such as homeowner association dues, liens, and tax liabilities. Your loan modification expert should help you make sure that all of these issues have been considered to help stop home foreclosure.
If all else fails, there is always bankruptcy to stop foreclosure. However, the laws on declaring bankruptcy have made the process much more difficult, and it will have long standing effects on your financial standing. If you decide to pursue this, a lawyer is definitely a good consideration. Credit-yogi.com can connect you with one free of charge.
No one can force you to leave your home until the courts rule that you must. Be sure to pursue all of your options. Sometimes there is government help to stop foreclosure depending on your mortgage type. You can use the foreclosure process to your advantage to buy time.