Businesses and individuals alike who have found themselves unable to satisfy their mortgage lenders’ financing agreements sometimes file bankruptcy with help from a
foreclosure defense attorney in Topeka KS. This isn’t the only way to stop a foreclosure from taking place on mortgages. Read on to learn about these different strategies.
Lenders Need Mortgage Paperwork
Even if you admit to having an active mortgage from a certain lender, that lender must prove ownership of the mortgage in court. Without having sufficient official documentation to prove ownership, their cases are often thrown out in civil courts of law. This isn’t common, but it’s a strategy that’s worth pursuing.
Never Ignore Your Lender
After borrowers have been unable to make one or two minimum payments on their mortgages, lenders attempt to carry out foreclosure to take back ownership of their homes. Simply staying in contact with lenders is an effective way to delay or prevent foreclosure entirely. This is a simple strategy that could save you thousands of dollars in legal costs and the chance of losing your home.
Sell off Other Assets
Although nobody wants to sell their valuable assets to keep current with their bills, this might be your best decision. Consider selling valuable assets other than your home to satisfy your lender’s collection attempts.
Click Here for Help
We’re Hooge John R Attorney At Law PA, one of the best foreclosure defense attorney in Topeka KS – click here to learn more about our foreclosure defense options.
