Louisiana Foreclosure Help Lawyers

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
• What is a 'short sale'?
  A “short sale” is an option for a homeowner to avoid foreclosure when they can no longer afford the mortgage on the home.   In a short sale, a servicer allows the borrower to … 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
• Why Would a Lender Agree to a Short Sale?
  Banks and other lenders generally agree to short sales in order to avoid having to foreclose on a property and take it into their inventory. Most lenders would rather cut their losses and avoid a … more
• Can My Lender Come After Me in Court for the Loan Balance I Owe After a Short Sale?
  This depends in part on whether the property in the short sale is located in a judicial or a non-judicial foreclosure jurisdiction. In non-judicial foreclosure, also called a mortgage walk-away … more