Although foreclosure isn't in the headlines the same way it was a few years ago, still, too many people in Pennsylvania face the loss of their home. People do not want to lose their home or its equity, and these people often seek solutions to stop or slow the foreclosure process. This blog post will provide some basic information on foreclosure.
As soon as you miss a couple of mortgage payments, you will probably hear from your lender. Don't ignore their phone calls and letters. Instead, make an honest assessment of when and whether you expect to be able to catch up on your payments. Your lender may be willing to help you. If not, you need to understand the foreclosure process.
If you're being threatened with foreclosure contact our office. We may be able to help. Helping homeowners facing possible foreclosure and loss of their house is one of the services we provide to our clients. While talking to us is one thing you should do, there are some things you shouldn't do,
There are steps you can take that if not prevent a foreclosure at least delay it. If no valid counter claim or defense is available a delay can give your family some breathing room to perhaps get your finances in better shape, sell the house at a fair price to cover the mortgage or give you time to find another home. Whatever you do don't ignore notices and court forms and paperwork that come your way.
While the foreclosure rate in Pennsylvania and across the U.S. has declined dramatically since the height of the 2008 Financial Crisis, far too many people still face the frightening prospect of being evicted from their homes. Sadly, many people who are facing foreclosure assume that they have no options for fighting an eviction.