A mortgage attorney specializing in foreclosure defense can help you understand how foreclosure laws may protect you
There are both federal and state laws that may be able to help you.
For homeowners in Washington State, you may be eligible for Foreclosure Mediation under the Foreclosure Fairness Act law. This is a government help program designed to stop foreclosure so you can communicate directly with your bank.
Alternatively, if you think your lender has done something wrong, you may want to consider filing a wrongful foreclosure lawsuit or a predatory lending lawsuit against your bank using the foreclosure litigation process.
There are also ways to use the civil litigation process to sue your bank under federal laws like RESPA, TILA, the FDCPA and the CFPB.
You can learn whether bankruptcy is the right option to help you stop foreclosure
Sometimes, you may need to stop your foreclosure process fast. Or, you may have other burdensome debt in addition to your mortgage that needs to be handled.
If you’ve run out of time to work with your lender or servicer or want to know about options to handle additional unsecured debt, you may need to consider bankruptcy to stop foreclosure.
A Chapter 7 and a Chapter 13 bankruptcy legally stops most foreclosure actions.
A mortgage attorney can help you understand whether you are facing a judicial foreclosure or a non-judicial foreclosure
There are two types of foreclosure proceedings, judicial and non-judicial. Judicial foreclosures happen through the court system. Non-judicial foreclosures happen outside the court system through a series of foreclosure notices.
Based on what type of foreclosure process you’re facing, an attorney will advise on whether you will have a deficiency judgment against you in the event your foreclosure moves forward.
Consulting with an attorney will help you know what type of foreclosure you’re facing, what types of notices will be coming your way and what the process will look like from start to finish.