Business & Finance mortgage

Don" t Let The Banks Take Your Home

This is a question millions of people are currently asking themselves "I need to know how to stop my foreclosure? It's very important to take action as time is of the essence when it comes to being able to stop the foreclosure process from occurring.

There is a very specific legal structure that needs to take place in order for a lender to be able to foreclose on a home. Fortunately for countless thousands of home owners the lenders have been figured out and have been committing large amounts of mortgage fraud. That's a big no no. It's fraud in the sense that these banks are forging documents in order to evict someone from a home they have no legal right to do so.

Stopping the process process is not only possible, but it's extremely beneficial to a home owner because if there is a case then the lender will be forced to stop the process until there is a resolution in place. At this point you'll be able to stay in the home until the legal proceedings complete. That means no mortgage payments or threat of being evicted until the case was solved.

While a good foreclosure specialist is recommended, they can only work within a specific time period though. There are several stages to the actual foreclosure process and a specialist can help all the way up to the point where the lender files, at least in the state of FL, what's called a Lis Pendens. At this point the home owner will be served papers called a Foreclosure Summons which gives the home owner 20 days to respond or a judgement will be rewarded to the lender and the foreclosure sale will proceed.

You have all the way up that very point to fight the foreclosure process, if there is a valid case. What a good foreclosure specialist is going to do for a home owner is to review every single possible thing that has lead up to whichever stage the foreclosure process is in. There is actually quite a bit of documentation that goes with the banks ability to actually foreclose on a home.

Why this is important is because there is a high number of these loans that the paperwork never actually got filed, or at least filed correctly. These same banks are the ones that are filing to take property back, that they technically have no legal right to do so if a proper defense is put up. If you're to look online and type in the word "Mortgage Fraud", you'll find countless horror story after horror story about banks that have taken someones property that they didn't legally own.

So the answer to how to stop your foreclosure from taking place is to call a quality foreclosure specialist that knows exactly how to fight against these banks. The benefits of an attorney far outweigh anything else if there is a legitimate case.


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