Lenders and servicers are in business to make money, and you can expect their decisions to be made accordingly. The tactics that lenders use might surprise you, and knowing your rights is important in making sure you are not taken advantage of. The easiest way to protect your rights is to hire a foreclosure defense attorney to represent you. In the foreclosure process, you have legal rights and you should defend them.

Each state has its own laws, and a homeowner always has rights during the foreclosure process. In 2012, the Department of Justice (DOJ) National Mortgage Settlement gave birth to a new set of consumer protection laws for foreclosure. Most states have adopted aggressive consumer protection laws governing foreclosures which enshrine the principles in the DOJ Settlement. This is why having a foreclosure defense attorney representing you in these negotiations is crucial. A good foreclosure defense attorney understands your rights, and the options available to you.

The following is a list of some of your basic rights:

Cure the Delinquency:

All mortgages give you the right to resolve defaults before foreclosure starts, and even during the process. Most of the loan modification and foreclosure alternative programs available to homeowners today are designed to stop the foreclosure process, cure the delinquency and give homeowners a new mortgage, with affordable terms.

Be informed:

All borrowers must be kept up to date on the foreclosure process as it happens, even if you do not actually take part in the process. Your lender and your foreclosure attorney can negotiate without you, but you are officially one of the parties concerned. You should save all notices and communications from your lender and all involved parties. If the matter turns into a legal dispute, you will have documentation necessary to support your claims.

Loan Modification:

All borrowers are given the right to modify the existing terms of the loan. However, getting the best possible results can be a difficult and confusing process for many homeowners. Simply put, an experienced foreclosure attorney is in the best position to get you the best results possible. Mortgage Relief Project consistently advocates foreclosure attorney representation for all matters of mortgage mitigation.

Lenders and their lawyers are well aware of your rights, but their goal is to get what they can out of you; even if it means violating your rights. You should never lose sight of the fact that lenders are not interested in helping you unless it makes financial sense for them to do so. Accordingly, you should expect your lender to attempt to negotiate terms to their advantage, and that means taking advantage of you! This is your home we are talking about protecting! IF YOU ARE A DISTRESSED HOMEOWNER, HIRE A FORECLOSURE DEFENSE ATTORNEY TO REPRESENT YOU!

An experienced foreclosure defense attorney can protect your rights and interests, and has an interest in resolving your troubled mortgage. A reputable foreclosure defense attorney also has nothing to gain from your losses.


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