Defending Your Home Against Foreclosure Actions Throughout Connecticut
Connecticut Foreclosure Defense Law Firm Will Stand Up For You
Foreclosure is a legal right that is typically a basic part of any mortgage contract. It is a process in which a bank or lender repossesses property from a homeowner who has defaulted on their mortgage by failing to make their payments. Once the property has been foreclosed upon, the mortgage holder then sells it and applies the proceeds toward paying off what is owed by the homeowner.
In the U.S., foreclosures must conform to a series of rules and regulations that protect both the homeowner and the mortgage holder. Although a bank or lender has the right to foreclose on a defaulted loan, the homeowner has the right to be treated reasonably and fairly. Homeowners’ rights also allow them to defend themselves through foreclosure defense.
What is Foreclosure Defense?
Foreclosure defense is use of legal strategy to avoid a foreclosure. Not all foreclosures that take place are compliant with federal and state laws and, in these instances, a foreclosure can potentially be stopped or delayed by negotiating with the lender or by challenging the force of the foreclosure in court.
Many foreclosure cases may qualify for a foreclosure defense, based upon the following legal defenses:
- The terms of the mortgage are grossly unfair to the homeowner and should be declared unconscionable
- The foreclosure was the result of the mortgage holder’s mistake, such as the failure to provide proper notice or failure to wait for a response from the homeowner, and the homeowner cannot be held liable
- The lender failed to use reasonable terms in the mortgage contract as required by fair lending laws and the Truth in Lending Act
Besides foreclosure defenses, a homeowner facing foreclosure may have several other alternatives available, including short sales, bankruptcy, or loan modification.
Contact Our Foreclosure Defense Law Firm Today
If you are facing foreclosure and need help mounting a strong defense, foreclosure defense attorney Lisa Gustafson has been helping Connecticut homeowners fight foreclosure for a combined five decades. Contact us online, or call 203-938-0119 to schedule your free initial consultation today.