Fighting Foreclosure

Are you worried about keeping up with your current payments? Maybe you are already late and very close to going into default or perhaps you have already reached that point. Is your loan soon due to be reset to a higher payment level? When fighting foreclosure there are many questions you may be asking, such as:

* Is the law on my side or not?

* What is the latest new legislation in Congress going to do for homeowners facing foreclosure?

* How can I get my lender to agree to let me have more time?

* What about these Foreclosure Assistance Programs-are they really legitimate or something to avoid?

You're not alone. Don't try to do this on your own. Find help and learn the answers to these questions and more as you educate yourself on fighting foreclosure.

Make sure the lender who is foreclosing on your home is the actual holder of your note. You must send a 'request to produce the note' to your lender in which they have 30 days to respond. If they do not respond then you can take them to court to get them to come up with the proper documents. This can buy you some time to work on a re-payment plan but it will also protect you as you would not like to find yourself in the situation above.

Also, watch for any hidden fees. Some lenders will try to collect sums of money in which are made up to increase their bottom line, such as, foreclosure fees, pre-bankruptcy fees, etc. Ask the lender to show proof that these fees were indeed paid. Fighting Foreclosure is just that...be active and find out all you can in order to stop foreclosure.

It is always wise to know all of your options, especially with something as important as you home. Learn about:

Forbearance
Loan Modification
Pre-Foreclosure Sale/Short Sale/Friendly Foreclosure
Partial Claim
Deed-In-Lieu of Foreclosure

Know your options for fighting foreclosure before it's too late!