Can I prevent a foreclosure on my home?

The best defense in a foreclosure is to prevent it. Whatever the reason – be it lack of employment, medical bills - thousands of people are discovering that they can no longer make their loan / mortgage payments.

This is not the time to fall into a daze of denial. You must remain in a pro-active position. Act while you are still in the bank’s good graces!

You can stop a foreclosure.

First:

• Contact your lender – ask for the loss mitigation department. You will need your loan number. Tell them your situation and what steps you are taking.
• Do not ignore any notices.
• Keep all records of your contacts with the lender – who you spoke to, what day and time, what was the result of your conversation. Even if no one will speak with you – record that note.
• If you need to send anything in writing, send it by certified mail return receipt.
  

A foreclosure defense attorney can intercede on your behalf. I have found that too many people are in such denial that they ignore the proceedings until the auction is scheduled and then that week they call my office for help – and there are few options at that point!

Remain pro-active – many laws have been passed to protect homeowners and you can benefit from them.