A foreclosure is the process when the holder of a mortgage sells the property upon failure of the debtor to pay the mortgage debt and terminates his or her rights in the property.
When dealing with a foreclosure, if you consult with an attorney, you can come up with some options to see if you have a defense to the foreclosure. Each foreclosure is different and has complicated details that can make or break the case. Some examples that will require the assistance of an attorney include:
- The loan servicer didn’t follow proper foreclosure procedures.
- The foreclosing party can’t prove it owns your loan.
- Your loan servicer made a serious error with your account.
Having an attorney on your side gives you a better chance of getting results. To learn more about foreclosures, read more here.