I'm happy to write that
I settled a foreclosure defense lawsuit for one of my clients this week.
I won a temporary restraining order to stop the foreclosure
several days before the sale and negotiated a
loan modification for my client that will keep him in his home with
an affordable mortgage loan payment--my goal in every foreclosure defense
case.
My experience in this
reminded me of some important practice pointers in foreclosure defense:
- Earlier is always, always better in stopping a
foreclosure. While I encourage anyone in
any stage of foreclosure to consult an attorney, sooner is always better
in trying to save a home.
- The more paperwork you can provide to
your attorney about your mortgage loan and home, the better of
a chance that they can help you.
My client had papers going back to the closing of his home, and
every notice he had received since then, which made my job much more
effective (at less cost to him).
- Working with the bank can help you save your home. I know few, if any, bank attorneys who want to
see someone lose their home. Most, if they can, will make every
effort to find a way to avoid this. Developing a good working
relationship with the other side can go a long way towards an effective
resolution of the problem.