Foreclosure Defenses

This page will discuss some of the foreclosure defense strategies we will normally look to when handling a foreclosure defense case. The following information is general in nature, and should not be construed as legal advice or a substitute for legal advice. Although we have tried to be as accurate as possible, the following information may be inaccurate, missing some information, or outdated – as law can frequently change or become modified. If you have questions about your case, please contact a foreclosure defense lawyer in your area.

WHAT ARE SOME OF THE COMMON FORECLOSURE DEFENSES OR STRATEGIES?

(1) Seek a Loan Modification / Loan restructuring / Loan Workout (of a commercial or residential loan)

(2) Pursue a short-sale of the property (list the property for sale and see if the bank will accept less than what they are owed)

(3) File Chapter 7 Bankruptcy or Chapter 13 Bankruptcy (this may or may not save the home from foreclosure but there is at least a temporary “automatic stay” of foreclosure)

(4) Deed-in-lieu of foreclosure (this involves handing over your deed to the lender who accepts the deed and relinquishes your obligation)

(5) Foreclosure Lawsuit / Mortgage Litigation (in certain circumstances a homeowner may be entitled to seek money damages, an injunction or pursue rescission of a loan, in this event a lawsuit may be proper)

These are the top five strategies, there may be others depending upon the facts of your situation.  Contact a foreclosure defense attorney to discuss the facts of your case at (877) 276-5084.