South Dakota Foreclosure Lawyers

Frequently Asked Questions

• What is the Homeowner Affordability and Stability Plan?
  Congress recently passed the Homeowner Affordability and Stability Plan (“the Plan”), which provides various options for homeowners who are feeling the pressure of their monthly … more
• How do creditors get paid when foreclosing on a house to satisfy unpaid debts?
  A foreclosure is where the creditor collects its lien by forcing a sale of the debtor's real property. The creditor receives the amount of the proceeds from the sale equal to the unpaid debt plus … more
• What is a loan modification, and how will it help me with my mortgage?
    A loan modification occurs when a homeowner enters into an agreement with his or her mortgage loan servicer to change the terms of the mortgage. The goal of a loan modification is to … more

Legal Articles

• Renters Lose in Foreclosures
  If a homeowner defaults on their mortgage the lender usually forecloses on the home and the homeowner loses it.  What happens to the renters who pay their rent every month but live in homes whose owner has not been paying the mortgage? If you are a renter in a home or apartment building that is being foreclosed upon you are likely to be evicted.  Do you have the right to stay?  … more
• Different Types of Foreclosure
  Foreclosure is an event that most homeowners want to avoid. In essence, all foreclosures involve a lender taking back property that secured a loan when the borrower has failed to make regular payments on that loan. However, not all foreclosures are the same. If you, like many Americans, are having trouble making your mortgage payments then it is important that you understand the … more

Legal Guides

• How To Avoid Foreclosure
  This guide, by the U.S. Department of Housing and Urban Development, provides valuable … more
• Homeowner Affordability and Stability Plan - Fact Sheet
  This fact sheet from the Department of the Treasury describes the Obama Administration’s … more
• Partial Claim Fact Sheet (HUD)
  This fact sheet from the Department of Housing and Urban Development explains the Partial Claim … more
• 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
• Special Forbearance Fact Sheet (HUD)
  This fact sheet by the Department of Housing and Urban Development explains a homeowner's option … more

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