How to Fight and Avoid Foreclosure of Your House
How to Save Your Home from Foreclosure
There are currently over a million homes foreclosed within the United States each year. An average of 1 in every 200 homes is foreclosed.
What Leads to Foreclosure
• 85% of homes start with one missed mortgage payment.
• 50% of homes start with two missed mortgage payments.
• 32% of households suffer from employment loss.
• 25% of household suffer a medical crisis.
• 60% of households are not aware of refinancing options their lender provides.
Defending Yourself from Foreclosure
Foreclosure defense is when the homeowners challenge an unlawful lender practice as defined by the U.S. Consumer Financial Protection Bureau. Beware of the following unlawful practices.
Dual tracking – Negotiating a loan modification with a borrower while pursuing a foreclosure.
Dual tracking – Using fraudulent signatures on documents to facilitate the foreclosure process.
Refusing Assistance – Refusing any form of principal reductions and refinancing to eligible borrowers.
Forced Communication – Forcing borrowers to communicate with multiple lender contacts.
All lenders are required to abide by the U.S. CFPB’s legislation. If you do believe unlawful practices have occurred throughout the foreclosure process, than contact a foreclosure lawyer to defend you.
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