Archive for the 'Foreclosure Legal Process' Category

Homeowners Rights During Foreclosure

If you are a homeowner who is facing foreclosure, this can be a quite a difficult time for you.  Foreclosure can not only affect you, but also your spouse and children. This why it is important to know your rights as someone who is forced to deal with the threat of foreclosure.  If you are […]

Why To Sell Your Home In Pre-Foreclosure

If you are facing foreclosure and see that you are not going to be making your mortgage payment on time or have already missed one payment, then you are in the pre-foreclosure stages.  Meaning the bank hasn’t foreclosed on you yet, but it could possibly happen in the near future.  This is a time you […]

Foreclosure Lawsuit Hearing - Four Reasons Homeowners Avoid Them

The first real step in the legal process of taking a house through foreclosure in judicial procedure states comes when the bank files its lawsuit against the borrowers in a local district court. This is the point at which threats of foreclosing turn into real actions by the lender, but this is also the point […]

Foreclosure: Facts and Fiction

How many times have other people told you certain things which just weren’t true?  You may have even believed them for some time, because they said it so convincingly.  But after doing some research of your own, you realized they were completely wrong.  It could have been about anything: who won the World Series in […]

Know the Truth in Lending Act to Defend Against Foreclosure

One of the most difficult parts of lending law, but one that is vitally important to know for homeowners who believe they have been victimized by a bank, is that of the Truth in Lending Act, or TILA. The Truth in Lending Act was first implemented in 1968 and was designed to protect borrowers in […]

What happens When You Default On Your Mortgage?

This may be a time where you a hurting for money.  You are living paycheck to paycheck, barely paying the bills at the end of the month.  Thoughts might be going though your head, like ‘what happens if I miss a mortgage payment, will I lose my house to foreclosure?’  This is a great question […]

Nonjudicial Foreclosure States — Notice Requirements for Homeowners

In nonjudicial foreclosure states, banks do not have to sue homeowners in court to have a house sold at auction. The original loan documents have a “power of sale” clause that allows lenders simply to give notice to borrowers that they are in default, have a specific amount of time to pay back the arrears, […]

Four Parts To Your Answer To The Foreclosure Lawsuit

When homeowners receive the lawsuit paperwork in the mail or posted on their property indicating the bank is beginning the legal action of foreclosure, their most common reactions seem to be either to call the bank and desperately try to work something out, or simply avoid the problem for as long as possible. In any […]

Why The Bank Probably Will Not Sue For A Deficiency Judgment After Foreclosure

Most homeowners in foreclosure worry greatly about being sued by the bank for a second time even though they have lost their home. This is called a deficiency judgment, and borrowers fear having their bank and retirement account seized, their cars repossessed to satisfy the mortgage, and their wages garnished. All of this sounds very […]

How To Reverse The Foreclosure Process

Finding your options when facing foreclosure can seem very difficult, but here are 10 easy steps to help you determine which options are available for your exact situation. In most cases, you will need to work with professional foreclosure, real estate, and mortgage professionals, but you could also use these steps on your own, without […]

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