Avoid Foreclosure

To avoid foreclosure the owner of real property must take certain actions governed by state foreclosure laws. Many of these laws are procedural and if followed properly can help a person avoid foreclosure. The foreclosure process can be lengthy. Many times, a foreclosure is started by a lender, but then a successful negotiation takes place in which the owner of property can avoid some of the damages or other financial distress relating to the foreclosure. A qualified attorney can provide very practical assistance to a person seeking to avoid foreclosure, both by negotiating with the lender and by extending the process by understanding the law and procedure.

Click here to find Avoid Foreclosure Attorneys near you.

Frequently Asked Questions

What are the eligibility requirements to refinance under the Making Home Affordable Plan?
You may be able to refinance your mortgage under the Making Home Affordable Plan if: • You are the owner occupant of a one to four unit home; •The loan on your property is owned or … more
How do I know if my loan is owned or has been securitized by Fannie Mae or Freddie Mac?
You should call your mortgage lender or servicer (the organization to whom you make your monthly mortgage payments) and ask about the program. Both Fannie Mae and Freddie Mac have established … more
I owe more than my property is worth. Do I still qualify to refinance under the Making Home Affordable Program?
You may still be able to refinance your home under the Making Home Affordable Plan even if you owe more than your property is worth. Eligible loans will include those where the first … more

How-To's

How To Avoid Foreclosure
Are you facing foreclosure? More and more people are finding themselves in the difficult and unfortunate position of anticipating foreclosure of their homes. However, there may be alternatives to foreclosure. The options may vary depending upon your situation and you should contact your lender to explore those options sooner rather than later. The good news is that … more

Legal Guides

How To Avoid Foreclosure
This guide, by the U.S. Department of Housing and Urban Development, provides valuable … more
Loan Modification Fact Sheet (HUD)
This fact sheet from the Department of Housing and Urban Development explains loan modification … more
Partial Claim Fact Sheet (HUD)
This fact sheet from the Department of Housing and Urban Development explains the Partial Claim … more
Special Forbearance Fact Sheet (HUD)
This fact sheet by the Department of Housing and Urban Development explains a homeowner's option … more
Making Home Affordable Fact Sheet
This fact sheet describes the Obama administration's Making Home Affordable program including … more

More Legal Guides »