Homeowners get behind on their mortgages for all kinds of reasons. It can happen when a job loss, illness, divorce, or death strikes a family. In other cases, homeowners believe that the lender has made critical errors that adversely affected their mortgage and put their credit in jeopardy. In order to sort through what can become a very complicated process, it may be necessary to contact a foreclosure attorney Houston homeowners recommend.
When you send in your payment, you trust that the loan servicer will post it correctly. This doesn't always happen. Clerical errors are possible, especially when account numbers are similar. Some service companies charge outrageous, and often illegal, late fees that can cause homeowners to get even farther behind on their mortgages. Keeping up with your paperwork can make the difference between a successful claim and a failed one.
Lenders must go through a strict set of procedures before and during the process of foreclosing. If they don't follow the legal steps, you may have cause to block the procedure. Not every state has the same laws, so you will probably need a lawyer to sort through the rules and regulations.
Loans get sold and transferred periodically, and it may be that a previous lender is attempting to remove you from your home illegally. If the servicer, trying to force you out, doesn't actually own the loan, you certainly have the right to rebut the claims. In this case, you will need a lawyer to investigate whether or not the lender can prove it owns your mortgage.
There are special rules when it comes to foreclosing on military personnel. A court order will be necessary for a lender to starting foreclosing on a military home if the loan in question was taken out prior to the vet's active service. The Servicemembers Civil Relief Act was enacted to protect the military and their immediate families.
Dual tracking was a common practice for many years. It occurred when a homeowner applied for a loan modification and, while the lender was in the process of evaluating the application, the loan servicer also continued to process the foreclosure. It is illegal to do this now. Stalling the loan modification application is another technique some lenders use. You will need a lawyer to represent your interests against these practices.
Your home belongs to you until the process of foreclosing is complete. If you decide you want to stay in the home, you have a right to do so. It may take years to complete the process, especially in states with redemption rights. If the lender attempts to keep you from living in the house, by changing the locks for instance, a lawyer can stop the harassment.
Losing a home is a difficult experience no matter what the actual cause. If you have been wrongly targeted by a lender, you need to do something about it. You probably can't handle the complexities however, without the help of a good lawyer.
When you send in your payment, you trust that the loan servicer will post it correctly. This doesn't always happen. Clerical errors are possible, especially when account numbers are similar. Some service companies charge outrageous, and often illegal, late fees that can cause homeowners to get even farther behind on their mortgages. Keeping up with your paperwork can make the difference between a successful claim and a failed one.
Lenders must go through a strict set of procedures before and during the process of foreclosing. If they don't follow the legal steps, you may have cause to block the procedure. Not every state has the same laws, so you will probably need a lawyer to sort through the rules and regulations.
Loans get sold and transferred periodically, and it may be that a previous lender is attempting to remove you from your home illegally. If the servicer, trying to force you out, doesn't actually own the loan, you certainly have the right to rebut the claims. In this case, you will need a lawyer to investigate whether or not the lender can prove it owns your mortgage.
There are special rules when it comes to foreclosing on military personnel. A court order will be necessary for a lender to starting foreclosing on a military home if the loan in question was taken out prior to the vet's active service. The Servicemembers Civil Relief Act was enacted to protect the military and their immediate families.
Dual tracking was a common practice for many years. It occurred when a homeowner applied for a loan modification and, while the lender was in the process of evaluating the application, the loan servicer also continued to process the foreclosure. It is illegal to do this now. Stalling the loan modification application is another technique some lenders use. You will need a lawyer to represent your interests against these practices.
Your home belongs to you until the process of foreclosing is complete. If you decide you want to stay in the home, you have a right to do so. It may take years to complete the process, especially in states with redemption rights. If the lender attempts to keep you from living in the house, by changing the locks for instance, a lawyer can stop the harassment.
Losing a home is a difficult experience no matter what the actual cause. If you have been wrongly targeted by a lender, you need to do something about it. You probably can't handle the complexities however, without the help of a good lawyer.
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