How Bankruptcy Protects You From Your Lender During Foreclosure

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Homeowners are quickly discovering the importance of hiring an experienced bankruptcy lawyer to defend them against mortgage foreclosures by lenders.

And if you are facing foreclosure - or if your lender has already filed a foreclosure lawsuit against you - you should find a skilled bankruptcy lawyer right away!

Here's why:

By foreclosing against you, the lender wants to take possession of your home. Also, if the lender can't sell the home for enough money to cover the remaining balance on your mortgage, the lender wants to get a deficiency judgment against you. In this case, you would still owe the lender the balance of your mortgage even though you cannot live in the home.

The home foreclosure process goes through phases, including...

Please see full article below for more information.

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Published In: Bankruptcy Updates, Civil Remedies Updates, General Business Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Fonfrias Law Group LLC. | Attorney Advertising

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