As inflation continues to rise and the economy enters a period of unpredictable highs and lows, many people are left in the middle, trying to afford their family’s lifestyle and feeling as though the most basic things in their lives have become threatened. When it feels like you are at risk of losing your home because you cannot afford the mortgage payments, the serious potential consequences can make it hard to think straight.
Foreclosure may be in your future, but it does not necessarily have to be the end of the world and you may, in fact, have other options that you are unaware of. At Whitacre & Stefanczuk LTD, we take your concerns seriously and work to communicate clearly with you so you can make wise decisions about your financial future. Our real estate attorneys are here to help and, if appropriate, we provide excellent foreclosure defense services for our clients.
How Does Foreclosure Work?
If you do get far enough behind in payments, your mortgage lender will eventually file a lawsuit that asks the court to give them permission to sell the house in a foreclosure sale. If you ignore the lawsuit, the judge typically will grant a default judgment, and your house can be sold.
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