Can you Stop Your Foreclosure?

Can You Stop Your Foreclosure?

 

If you have received a letter, you may feel overwhelmed, thinking that your life will never be the same. However, just because you got the letter doesn’t mean that you will have to leave your home.

So, can you stop your foreclosure? The answer is yes. There are two different ways to stop it.

There are technical defenses which are against the procedure itself. You may be able to fight the foreclosure if you weren’t given enough time to pay the lender what you owe s

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Save your home from foreclosure

o that you can keep your home. Technical defenses are not often very successful because the lender can just start the foreclosure procedure again.

The best chance you have of saving your home is through substantive defenses. This means that you are going to look into the terms of your mortgage. You may fight, saying that you have not defaulted on your loan, meaning that you have paid everything on time.

If you are behind on payments, you can pay off the loan, along with any costs associated with the foreclosure. If you are unable to pay, you might want to look into bankruptcy. If you file before the lender sells your home, you might be able to temporarily stop the foreclosure.

If you plan on fighting the foreclosure, you are going to have to file an objection to the sale with the court. You can do this at any time. However, before you get this far, you might want to talk to your lender. They don’t like to foreclosure on homes because it costs too much money. Instead, they might be willing to work with you.

Before you do anything, you should discuss your options with a lawyer who specializes in foreclosure so that you can decide what you want to do. It helps to have all of the information before you proceed.

Contact us for all of your legal needs.

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