When the unexpected occurs, like illness, divorce, or job loss, a lender may give a delinquent homeowner some extra time to become current. It is not always so simple when the homeowner suspects the lender's loan servicer has made critical errors that result in an inaccurate payment history. Individuals can face foreclosures for no fault of their own. When something like this happens, it is time to get in touch with a foreclosure attorney Houston homeowners have used in the past.
Although most loan servicers have checks and balances to reduce errors, they can and do make mistakes. Similar account numbers and payee names can be the source of errors. Exorbitant late fees are a tactic some lenders use to try and force homeowners to pay on time. They may also attempt to charge fees that are not legally allowable. It is critical that you keep every written notice, email correspondence, and certified letter between you and the lender.
When lenders do begin foreclosing on properties, there are procedures they must follow. If they fail to do so in a significant way, you may have a case. The procedural laws vary from state to state, and it will take a good lawyer to trace the steps in order to determine if the servicer made serious errors.
Loans get sold and transferred periodically, and it may be that a previous lender is attempting to remove you from your home illegally. If the servicer, trying to force you out, doesn't actually own the loan, you certainly have the right to rebut the claims. In this case, you will need a lawyer to investigate whether or not the lender can prove it owns your mortgage.
There are special rules when it comes to foreclosing on military personnel. A court order will be necessary for a lender to starting foreclosing on a military home if the loan in question was taken out prior to the vet's active service. The Servicemembers Civil Relief Act was enacted to protect the military and their immediate families.
Dual tracking was a common practice for many years. It occurred when a homeowner applied for a loan modification and, while the lender was in the process of evaluating the application, the loan servicer also continued to process the foreclosure. It is illegal to do this now. Stalling the loan modification application is another technique some lenders use. You will need a lawyer to represent your interests against these practices.
Your home belongs to you until the process of foreclosing is complete. If you decide you want to stay in the home, you have a right to do so. It may take years to complete the process, especially in states with redemption rights. If the lender attempts to keep you from living in the house, by changing the locks for instance, a lawyer can stop the harassment.
Owning a home is a dream come true for many. That makes losing it doubly difficult. If you are the victim of a loan servicer's error or some illegal practice on the part of the lender, a good lawyer may be able to help you save your home,
Although most loan servicers have checks and balances to reduce errors, they can and do make mistakes. Similar account numbers and payee names can be the source of errors. Exorbitant late fees are a tactic some lenders use to try and force homeowners to pay on time. They may also attempt to charge fees that are not legally allowable. It is critical that you keep every written notice, email correspondence, and certified letter between you and the lender.
When lenders do begin foreclosing on properties, there are procedures they must follow. If they fail to do so in a significant way, you may have a case. The procedural laws vary from state to state, and it will take a good lawyer to trace the steps in order to determine if the servicer made serious errors.
Loans get sold and transferred periodically, and it may be that a previous lender is attempting to remove you from your home illegally. If the servicer, trying to force you out, doesn't actually own the loan, you certainly have the right to rebut the claims. In this case, you will need a lawyer to investigate whether or not the lender can prove it owns your mortgage.
There are special rules when it comes to foreclosing on military personnel. A court order will be necessary for a lender to starting foreclosing on a military home if the loan in question was taken out prior to the vet's active service. The Servicemembers Civil Relief Act was enacted to protect the military and their immediate families.
Dual tracking was a common practice for many years. It occurred when a homeowner applied for a loan modification and, while the lender was in the process of evaluating the application, the loan servicer also continued to process the foreclosure. It is illegal to do this now. Stalling the loan modification application is another technique some lenders use. You will need a lawyer to represent your interests against these practices.
Your home belongs to you until the process of foreclosing is complete. If you decide you want to stay in the home, you have a right to do so. It may take years to complete the process, especially in states with redemption rights. If the lender attempts to keep you from living in the house, by changing the locks for instance, a lawyer can stop the harassment.
Owning a home is a dream come true for many. That makes losing it doubly difficult. If you are the victim of a loan servicer's error or some illegal practice on the part of the lender, a good lawyer may be able to help you save your home,
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