Just because you’ve received foreclosure papers, doesn’t mean that you’re out of options. Foreclosure is a legal process that provides rights for both sides involved, which means that homeowners have as many rights during the foreclosure process as lenders do. If you’ve been recently served notice of a foreclosure, you’re probably feeling at a loss…
As a homeowner, you may be wondering what to do when you get served with foreclosure papers. Like many others, you might be tempted not to respond to the Notice of Intent (NOI), but that’s actually one of the worst things you can do. Unfortunately, many homeowners don’t know what they should do after receiving…
The 2020 pandemic harmed homeowners all over the country, making it hard for them to stay up-to-date on mortgage loans. In fact, the United States hasn’t faced a housing market like this since the Great Recession. Foreclosure filings have been on hold because of pandemic protections that stopped foreclosures from happening and allowed special forbearance…
Content Warning: This article contains mention of suicide which may be upsetting to some people. We’re aware of the sensitive nature of this matter and respect that some may not want to proceed. Many years ago, shortly after I finished law school and was trying to pass the bar exam a friend died. Michelle took…
The federal government moratorium on foreclosure filings is going to end soon. It is scheduled to expire on January 31, 2021. I think it is going to be extended again for a few months. But don’t get fooled, no matter how long the federal foreclosure moratorium is extended, foreclosures are going to start right away…
Don’t get played. Mortgage servicers who are obligated to award CARES Act forbearance are facing what they perceive to be an existential crisis. If enough people demand their rights under the Act, the servicers will be faced with a MASSIVE annual hit because for the next year for everyone in forbearance the servicer has to…
I have been preaching for months about the crucial importance of obtaining CARES Act forbearance on your mortgage loan, if you are eligible. Here is the post explaining eligibility and how to obtain the forbearance under CARES. And here is a post from October explaining that if your mortgage is eligible for a forbearance, you…
What to do when you receive a Notice of Wage Garnishment and you have just started a new job? One of the effects of the pandemic was to shut the debt collection industry for a month or more when things just started. The inability to put people in their little Stalinist cubicles close together in…
The light is at the end of the tunnel, and the vaccines are eventually going to kick in enough to make a real difference and get us back to a ‘normal’ life, whatever that means. What I am reading from the science and medical journals is that we really cannot expect this pandemic to wind…
The three things you must do to protect yourself and your home in 2021 As I have already explained in a separate blog explaining the federal foreclosure moratorium and how it was being implemented by the three types of mortgage servicers, foreclosures are going to restart in 2021. If you have not taken advantage of…