You have options to sue the mortgage company both before and after an illegal foreclosure. The federal law RESPA is very powerful in stopping foreclosures but there are strict time limits. Make sure you take immediate action if you want to save your home but beware of scams, especially out of state companies and out of state lawfirms that claim to be able to help you in Alabama. All we have seen are scams so do your due diligence before you hire anyone. We have a wealth of information (videos and articles) to get you started here. Best wishes! John Watts
You have been foreclosed in Alabama and now the mortgage company or a real estate agent is talking to you about “cash for keys” and you are trying to figure out what to do next. Let’s talk about the following: What is cash for keys? What are the advantages of taking it? The disadvantages in accepting cash for keys? What to do next What exactly is cash for keys? This is where you are offered money (“cash”) in exchange for… (Read more)
Alabama consumers often have questions about foreclosures — in this article we do our best to answer a number of these questions. We will have links to other articles if you want to go deeper on a particular subject. At any time you can call us at 205-879-2447 to get help with your mortgage issues, especially stopping or reversing a foreclosure. So let’s get started with these questions. . . What does a “foreclosure” actually mean? This is when… (Read more)
You were foreclosed on by your mortgage company. And you are likely still feeling the effects of this — maybe you have been sued for ejectment, there is a deficiency balance allegedly owed, you had to uproot your family to move, etc. It may seem as if all hope is gone — your mortgage company got away with this. But there may yet be hope…. In a very surprising development, the law in Alabama has actually improved for consumers. Very… (Read more)
“Is bankruptcy a good way to stop a foreclosure in Alabama?” You have a foreclosure coming up, and you’re wondering if you should file bankruptcy before that foreclosure happens in Alabama. You’ve also, most likely, have gotten several letters from bankruptcy attorneys telling you that they can stop your foreclosure by filing bankruptcy. If you’ve done any research, you’ll find out about this thing called “retargeting,” which is basically where a business can pay to follow you around in a… (Read more)
“Why do I have to send communications in writing to the mortgage company to protect myself? Often we tell our clients that when they’re dealing with their mortgage company, it’s fine to communicate by phone or email, but they need to verify everything by getting it in writing. Let’s talk about why this is important. Many of these mortgage companies are crooked. Sadly, this is how they operate. They lie and cheat you. We had one mortgage company representative tell… (Read more)
Nationstar Mortgage is one of the largest servicing companies of home mortgages and they foreclose on many Alabama homeowners. A recent “branding” campaign of changing their name to “Mr. Cooper” is designed to make you think Nationstar is a kind, compassionate old friend. A name change does not mean the corporate culture has changed. Understand this — they will foreclose on you in a heartbeat. You must protect yourself from their tactics. So how can you stop a foreclosure from… (Read more)