Responding to Your Foreclosure Notice

Anyone who has taken out a mortgage on a home dreads the thought of foreclosure. As long as mortgage payments are made on time each month, you are not at risk of having your home foreclosed on. When a home owner falls behind on a mortgage, however, the bank may decide to file a lawsuit for foreclosure. If you receive a foreclosure notice, there are certain steps that you should take to appropriately respond to the problem. Otherwise, you may be at risk of losing your home.

When you receive a summons for a foreclosure lawsuit, respond as soon as possible. The absolute worst thing that you can do in a foreclosure case is to ignore the summons. Under the law, you have only 28 days to respond to your summons to have a chance to keep your home.

If you wait longer than 28 days to file an Answer, the bank can automatically file to have your house seized and sold in an auction. Responding to the summons protects your house from a default judgment and temporarily keeps the bank from seizing your home.

It may be in your best interest to consult with a New Orleans foreclosure defense lawyer as soon as you receive your summons for foreclosure. A lawyer can defend your rights as a home owner and protect you from fraudulent practices. If your bank or mortgage company is illegally trying to repossess your home or has violated any part of the Truth in Lending Act, your lawyer may be able to have the foreclosure lawsuit dropped.

Even if the foreclosure is legitimate, your attorney may be able to negotiate with your lender on your behalf so that you may keep your home.

Contact Us

Don’t give in to the threat of foreclosure until you have reviewed all of the options available to you. If you have been sued for foreclosure on your home, please contact the experienced New Orleans bankruptcy attorneys of Kervin & Young, LLC today at 504-599-5906.