Don’t lose your home without a fight—we offer custom foreclosure DEFENSE in OKLAHOMA
If you have received a notification from your mortgage company that they are placing your home in foreclosure, you are likely very concerned. While this is certainly a serious matter, it is oftentimes possible to prevent the loss of your home if you put forth a strong legal defense. We have been successfully defending against foreclosures since 1990, and will use all of our knowledge and experience to help protect your Oklahoma home.
How to Stop a Foreclosure
Most people who find themselves in foreclosure are there because they are having larger money issues. Because of this, one of the most common and most successful ways to halt a foreclosure is to declare bankruptcy. Once you file for bankruptcy, the foreclosure process must be stopped until your case has gone through the courts.
The bankruptcy process can then help to resolve other financial issues, and put you in a position where you will be able to keep up with your monthly payments. It can also make adjustments to your current situation so you can exit your bankruptcy without being behind on your mortgage. Whenever possible, using bankruptcy to help avoid foreclosure is a great option.
Other Foreclosure Defenses
Bankruptcy isn’t the only way to defend against foreclosure. The following can also be very helpful in certain situations. Reviewing each of these foreclosure defense options, and speaking with us if you think you may qualify for can help to save your home.
- Terms of Mortgage – If your mortgage terms can be shown to be unconscionable, the courts can force the foreclosure process to stop and new mortgage terms to be agreed upon. This can also reduce your interest rate and provide other benefits. It is not very common to win a foreclosure defense using this strategy, but in certain cases, it is the right option.
- Service Member on Active Duty – If you are a member of the armed forces on active duty, you have some special rights thanks to the Servicemembers Civil Relief Act. Learning about these rights can help to save your home.
- Improper Procedures – Oklahoma requires that mortgage companies follow specific procedures when foreclosing on someone’s home. An attorney will be able to identify whether or not those procedures were followed correctly.