Top 7 Factors Required To Fight Foreclosure Process – At The Last Minute!

Top 7 Factors Required To Fight Foreclosure Process – At The Last Minute!


scenarios required to stop foreclosure

When faced with foreclosure, most people dread the pressure of losing their property. While home foreclosure laws vary in every state, homeowners must know what scenarios required to stop foreclosure process – at the last minute!

Foreclosure proceedings are done in judicial court for some states, like in Cleveland. This makes it easier for Cleveland homeowners to dispute their foreclosures in court even without requesting it, as it is mandatory by law. On the other hand, in a state where non-judicial foreclosure process rules, you can still file a lawsuit against your lending party. However, you need to have more evidence to prove that there are wrong records or transactions on your mortgage loan. Or If you previously filed for bankruptcy, you can file a lawsuit against your lender. This is much costlier and requires more work to get into a lawsuit. But if you have sufficient evidence, then the judicial court shall review the foreclosure process, and the case shall proceed.

To give you a more detailed overview, we listed below some of the scenarios required to stop foreclosure at the last minute:

  • False, wrong or missing transactions on your mortgage loan payments.
  • Non-receipt of foreclosure notice or the ‘Notice of Default.’
  • State laws were not adhered to in some aspects, such as notarization, state or federal laws on notarization, documentation or recordings were violated.
  • Other rights to the privacy of your mortgage loan information were neglectfully disclosed by the lender as against your state or federal laws.
  • Active Military Duty – If the foreclosure sale or process happens during the time you’re on active military duty or a year after, you can request in writing for a postponement or a cancellation of the foreclosure.
  • Errors and Mistakes on Adherence to State’s Foreclosure Process – The court can review these with your notification. You have to notify the judge that the lender is not providing Notice of Default; wrong documentation; misspelled name of the borrower; and other procedural errors.
  • Unable to Prove the ‘True Owner of the Mortgage’ – this could happen if the real owner has travelled across many states or countries and the mortgage has been transferred to many other owners. This can lead to hardships in locating the true or current owner of the mortgage. Remember that in some non-judicial states, only the true owner of the mortgage can bring the foreclosure into the court.

Lots of times, people wait until it is far too late for them to do anything about the foreclosure process. Do not let this process get too advanced before you become aware that it is not something you have the ability to solve without the assistance of a professional. If you need to know more information about the scenarios required to stop foreclosure, CPD Homes, LLC is here to help you with your distressed home. Give us a call at 216-619-4387, or visit www.cpdhomes.com. We’ll be more than happy to assist you!

Top 10 ‘FAST Home Selling’ Secrets You Should Know!

Before you get into the world of real estate property selling, you must read this fast home selling secrets every...
Read More
Top 10 ‘FAST Home Selling’ Secrets  You Should Know!

25 Best Things To Do When In Cleveland

Lover of art museums and culture?  Cleveland has you covered at the Cleveland Museum of Art. More interested in the...
Read More
25 Best Things To Do When In Cleveland

5 Ways Moving To Cleveland Could Improve Your Life

Cleveland is a diverse community, a true melting pot nestled on the shores of Lake Erie. You don’t have to...
Read More
5 Ways Moving To Cleveland Could Improve Your Life

Reasons Why Dealing With An Investor Is The Best Option To Sell Your Home Fast!

Selling a house is not always that easy, especially if it is your first time. The traditional route of selling...
Read More
Reasons Why Dealing With An Investor  Is The Best Option To Sell Your Home Fast!

Moving Home For A Better Millennial Life? These Seven (7) Reasons Will Make Your Move To Cleveland!

Are you a Millennial looking for a place to settle down?  Look no further than moving to Cleveland!   Cleveland, Ohio...
Read More
Moving Home For A Better Millennial Life? These Seven (7) Reasons Will Make Your Move To Cleveland!

Top 4 Benefits of Turnkey Real Estate Investing

Many savvy entrepreneurs believe that the best way to earn significant profits over time is by investing in real estate. ...
Read More
Top 4 Benefits of Turnkey Real Estate Investing

A Quick Look at Cleveland’s Real Estate Stats & Trends Amid 2021 Pandemic

Cleveland is ranked as one of the top housing markets to watch in 2021 by Forbes. The affordability of single-family...
Read More
A Quick Look at Cleveland’s Real Estate Stats & Trends Amid 2021 Pandemic

Tricks & Tips on House Flipping for Fast Home Selling!

Basically, the term "house flipping" is used by real estate investors to describe the process of buying, rehabbing, and selling...
Read More
Tricks & Tips on House Flipping for Fast Home Selling!

Top 6 Passive Income Sources from Real Estate Investment

Passive Income is a form of income received on a regular basis with minimal effort on the investors part. Being...
Read More
Top 6 Passive Income Sources from Real Estate Investment

Looking For The Best Real Estate Agent To Sell Your Home – FAST? Check Out These Guidelines!

Finding a realtor and choosing the right agent to sell your home fast is not as simple as you may...
Read More
Looking For The Best Real Estate Agent To Sell Your Home – FAST? Check Out These Guidelines!

Follow by Email
LinkedIn
Share
Youtube
Youtube
Twitter
Visit Us
Follow Me

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Top