House Foreclosure
To avoid a house foreclosure the owner of a house must take certain actions governed by state foreclosure laws. Many of these laws are procedural and if followed properly can help a person avoid house foreclosure. The 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 a house 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 house foreclosure, both by negotiating with the bank and by extending the process by understanding the law and procedure.
For assistance with your case, click here to find House Foreclosure Attorneys near you or find an attorney in a different state.
- Alabama
- Alaska
- Arizona
- Arkansas
- 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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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 -
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 -
Will My Lender Accept the Short Sale as Payment in Full for My Loan?
Maybe. Your lender is not required to accept the short sale payment to satisfy your loan amount. The company may decide that you and your property do not qualify for a short sale and deny your … more
Legal Articles
- 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 - 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
Legal Guides
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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
Top Related House Foreclosure Topics
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