It is a terrifying thing to face the prospect of losing your home. However, that does not mean you should be ignorant about the process, particularly when it comes to a foreclosure. As they say, knowledge is power, so here are a few things you should know about foreclosures, so that you do not go into it blindly.
Before you can be kicked out of your Home, There Must be a Foreclosure
Regardless of what anyone may threaten to do, no one can kick you out of a home before foreclosure court action occurs. Truth is that a foreclosure is not a single occurrence, but a multi-step process. First, the parties are summoned and a judge rules whether or not a foreclosure is necessary. If the judge agrees on a foreclosure, he or she will decide on a sale date for your home, which is the time you would have to leave the building. However, this does give you time to find a defense lawyer to increase your chances of having the judge rule in your favour.
Read all the Mail from your Mortgage Company, and Watch for a Summons
Despite the old saying “What you do not know cannot hurt you,” the fact is that ignorance will only harm you in this situation. If you refuse to open any mail from your mortgage lenders, your situation will only worsen. Even though it may be difficult, always open and read any mail from the mortgage institution. If they file a foreclosure lawsuit against you, then you will receive a summons by mail.
Beware of Scam Artists, and Only Trust Real and Qualified Lawyers
A sad fact of today’s society is that scam artists are always on the lookout for a new scheme, and many have latched onto the idea of offering to save your home from foreclosure. Never trust someone like this. Look for trustworthy, certified lawyers to help you with the upcoming summons and foreclosure proceedings.
Get the facts about the situation and find an ally you can trust. Schedule a free consultation with the lawyers who know about foreclosures.
