If you are having problems with your mortgage lender and are now facing foreclosure because of these problems, you may want to hire a foreclosure attorney. This type of attorney will be able to help you learn your options when facing foreclosure and can possibly help you prevent the foreclosure from occurring. There are three main types of options you might be able to choose from to stop a foreclosure from taking place.

Prove That There Is an Error

The first option you have to stop a foreclosure is by proving that the lender is basing this decision on an error of some kind. If the lender, for example, did not follow the legal steps of the foreclosure process, you might be able to fight the foreclosure for this reason. Another example of an error would be if the lender had not applied your payments properly to your account. If you are facing foreclosure for these reasons or for other reasons that contain errors, your attorney would be able to find and prove those errors. If you can win the case, you could stop the foreclosure from taking place.

Use a Loan Modification

The second option you have for stopping a foreclosure involves using a loan modification to stop it. A loan modification is an event that involves changing the terms of the loan to terms that you can afford and live with. Not all lenders will agree to accept loan modifications, but you will have a much better chance of getting your lender to accept it if you have a lawyer helping you with your case.

File for Chapter 13 Bankruptcy

The other option you have to stop a foreclosure from going through involves bankruptcy. While Chapter 7 bankruptcy will not help with this issue, Chapter 13 will. From the minute you file for Chapter 13, you will have instant relief, and your mortgage lender will be instructed to stop pursuing collections from you. Additionally, the lender will not be able to pursue foreclosure on your house. This is one of the best options for stopping foreclosure, but it also has consequences. If you want to use this option, you should make sure you know the consequences of it before you sign the paperwork.

Losing a house to foreclosure can be a horrible event in life, but there are ways to stop this from occurring. If you need help or advice, find foreclosure attorney services near you.