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.
For assistance with your case, click here to find Avoid Foreclosure Attorneys near you or find an attorney in a different state.
- Alabama
- Alaska
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- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Frequently Asked Questions
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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 -
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 long do I have to try to sell my house as a 'short sale'?
it depends on your lender's requirements and whether you qualify for any special government sponsored programs helping homeowners avoid foreclosure. For instance, under the … more
Legal Articles
- The Mortgage Forgiveness Debt Relief Act of 2007
In December 2007, the federal government enacted the Mortgage Forgiveness Debt Relief Act. The Act was meant to provide tax relief to taxpayers who had debt forgiven on their primary residence and to help struggling homeowners. The Purpose of the Mortgage Forgiveness Debt Relief Act The idea behind the law was to help homeowners avoid foreclosures by not taxing them … more - A Plain Language Explanation of Your Options for Avoiding Foreclosure
Whether you're in foreclosure now or worried about it in the future, understand that there may be practical ways you can avoid foreclosure. Today, lenders are more willing than perhaps they have ever been to help you stay in your home and be able to afford your payments. The most common methods used to bring loans current are described below: Bring Your Loan Current - … more
Legal Guides
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How To Avoid Foreclosure
This guide, by the U.S. Department of Housing and Urban Development, provides valuable … more -
Mortgage Payments Sending You Reeling? Here's What to Do...
This publication from the Federal Trade Comission discusses how you might be able to save your … 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
Top Related Avoid Foreclosure Topics
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