Jan 18 2009
What Stage Are You In?
How you attack the bank’s case and how you defend yourself from foreclosure depends mainly on what stage of the foreclosure you are facing. Cleary, the earlier you take action the better off you are because you have more options to take advantage of. However, there are appropiate measures of defense for each stage of the foreclosure action.
If you have just missed your first mortgage payment, or you expect to miss one soon, you have the advantage of being able to work the deed recording system and avoid the damage to your credit and risk of deficiency judgment by preventing a foreclosure judgment from being entered against you. If you have already been served with a foreclosure complaint but have not yet been defaulted, you have the opportunity to stall the foreclosure action with various motions and other court filings. Even if a foreclosure judgment has already been entered against you, you have the option of having that judgment vacated and stoping the sale of your property.
No matter what stage of the foreclosure action you are faced with, there is an appropriate course of action to take in order to protect yourself from the insult and injury of a foreclosure judgment. Discover more about how to defend yourself from foreclosure at www.ForeclosureDefenseSecrets.com.
