Stop Home Foreclosure
To stop a home 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 stop home foreclosure. The home foreclosure process can be lengthy. Many times, a foreclosure is started by a bank, but then a successful negotiation takes place in which the owner of property can stop 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 stop foreclosure, both by negotiating with the bank and by putting a stop to the process by understanding the law and procedure.
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Frequently Asked Questions
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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 -
Will refinancing my mortgage under the Home Affordable Refinance Program, or other programs, reduce the amount that I owe on my loan?
Refinancing your mortgage under the Home Affordable Refinance Program will not reduce the amount you owe on the mortgage. The objective of the Home Affordable Refinance is to help borrowers … more
Legal Guides
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Deed-In-Lieu of Foreclosure Fact Sheet (HUD)
Thhis fact sheet from the Department of Housing and Urban Development explains the Deed-in-Lieu … more -
Loan Modification Fact Sheet (HUD)
This fact sheet from the Department of Housing and Urban Development explains loan modification … more -
Special Forbearance Fact Sheet (HUD)
This fact sheet by the Department of Housing and Urban Development explains a homeowner's option … more
