Job loss, medical hardship, death in the family—these are some of things that can make mortgage payments difficult. The reason does not matter according to the law, but a legal defense can make a big difference for homeowners facing foreclosure.
A lot of things have happened that cause problems with home loans. Originators did things badly, and servicers have done things badly too. (Not all loan servicers are that way, but some are.) Foreclosure defense gives homeowners an opportunity to review their circumstances and legal choices, and pursue a strategy towards their best benefit. Foreclosure defense addresses the litigation while providing time for an alternative to occur, such as short sale, mortgage modification, or reverse mortgage.
Things can happen during a foreclosure defense which can result in a different outcome.