A foreclosure is a legal process in which the bank repossesses your home after you’ve defaulted on your payments. Receiving a foreclosure notice, however, does not mean that all is lost. There are still ways you can save your home.
You should immediately contact your lender or a Foreclosure Attorney to discuss ways of preventing foreclosure. The lender may offer you a loan modification or other settlement options in order to avoid the action. Foreclosure Lawyers may be a wise choice if you feel you have a good defense against the notice.
