Foreclosure Defense without a Lawyer 

Getting more time to battle a lender can seem like it’s not possible but it is possible. Attorneys do this with a motion. A motion is a legal maneuver that asks the court to do something. Things like give you more time, dismissing a judgment or rule out some pieces of evidence. This is a legal court document that must be filed with the clerk in your county. You do not need to be an attorney to file a motion. Most paperwork for a motion document lists the time frame that you are allowed after a motion is granted. Typically 30 days is the maximum amount granted in a foreclosure case. If you can file a motion, you could extend your time frame by one month. This could easily be the deciding factor in saving your home from foreclosure.

Most people assume that a bank has the right to just foreclosure because they own or control the deed. Each state has a process of foreclosure, but most mortgage agreements must have clearly written terms and conditions that are presented and agreed upon by you at the time of closing. A process known as a condition precedent must take place before a foreclosure can happen. Your mortgage agreement should spell out this process in easy to understand terms so you know how to battle a lender if necessary. Homeowners that do not understand their mortgage agreement usually get swept up by their lenders due to misinformation. Knowing your rights under the Truth in Lending Act can help you build your foreclosure defense without a lawyer.

“Foreclosure Defense without a Lawyer”

Avoid Foreclosure experts are standing by right now at 1-800-589-4106 to listen and offer help to your personal need for assistance. We are a team of foreclosure specialists that work very hard for homeowners around the U.S. battling a first or second mortgage holder. You must know your rights. We can help. You don’t have to go through foreclosure alone. Getting help is what can separate you from those that lose their home and those that know what options to take to fight and build a foreclosure defense without a lawyer.

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There are generally two types of foreclosures. The first type is the most common. A lender issues a notice of foreclosure and the homeowner does not dispute the foreclosure process. The lender will sell the property within 3 to 6 months and the homeowner will be released from the mortgage. The second type is also common and is the most severe. A homeowner is notified of a foreclosure, but chooses to walk away from the mortgage. This forces the lender to lose the entire value of the mortgage and accumulate more debt. With home values plummeting, this second option is becoming more common compared with homeowners going through the entire foreclosure process.

The Chance of Buying a Home After Foreclosure

The rules of borrowing money have changed. Interest rates are the lowest they have been in decades. The problem is that lenders are not lending money to people that have foreclosures on their credit report. The average period of time is 5 years after a foreclosure before a loan can be considered. There are no guarantees that you will ever qualify for a mortgage if you have gone through a foreclosure. People that walk out on a mortgage face double the amount of time. It can take 10 or more years before a lender has confidence to give someone a new mortgage. Things like job history, savings account balances, revolving credit account history and other criteria are used to make modern lending decisions.

The down payments are often higher for someone with a mortgage foreclosure. Long gone are the days of needing only 10%. For someone with negative credit caused by foreclosure, the down payments are commonly set at 30%. This makes it even harder for someone that is in the credit restoration process to find adequate living space. The thought of buying a home after foreclosure can be a frightening one. Stopping foreclosure before it is completed is the best way to avoid foreclosure on your property.

Call Avoid Foreclosure today at 1-800-589-4106 to find out how to get out of foreclosure before it’s too late.

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Due to the overwhelming amount of foreclosures, the review process can take a long time to complete. Homeowners that have received a sale date for their property might not have enough time to take advantage of government help. In these cases, there are only a few options of which a qualified Avoid Foreclosure specialist can explain to someone in an advanced phase of foreclosure.

Types of Government Assistance for Foreclosure

Home Affordable Modification 

This option is for homeowners that have a mortgage less than 3 years in age. This new program can allow a large reduction in monthly mortgage rates. Additional qualifications include homeowners with outstanding mortgages of up to $729,750 and a clean arrest record.

Principal Reduction Alternative

Financial hardships related to mortgages are usually the cause of inflated mortgages. A principal reduction program offered by the government can reduce the mortgage payments that you owe on your home. This is often used for homeowners that owe more on a home than what it is currently worth.

FHA Affordable Modification Program

Many government secured loans can be modified. All government guaranteed loans are eligible for a reduction of mortgage payments. The reduced amount can be no higher than 31% of a homeowners pretax earnings. Strict qualifications are attached to these modification programs and other government assistance for foreclosure.

Veteran’s Administration Modification Program

Service men and women that have received mortgages as part of government service may be eligible for a veteran’s loan modification. Department of Veteran’s Affairs loans can be modified to reduce the monthly mortgage payments to a more suitable payment for struggling homeowners that have served in the U.S. armed forces.

How to Get Help Fast to Prevent Foreclosure

You can avoid foreclosure if you know what to do. There is little time when your bank or lender is working hard to get you out of your home. Professional foreclosure specialists at Avoid Foreclosure know how to help you. There are not very many people that are willing to stand by you when you are going through tough times. Let a professional that understands your desperate situation help you stop foreclosure today. Call 1-800-589-4106 to get help fast.

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