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
Stopping your Alabama foreclosure is possible but many homeowners fall victim to one of the common myths. The problem is when we start with the wrong assumption, we reach the wrong conclusion. If I’m in Birmingham and I want to go to Atlanta, then driving West will not get me to Atlanta. I can be as motivated as possible, but driving the wrong direction won’t get me to where I want to be. So if you are facing a foreclosure,… (Read more)
There is great power in sending RESPA (Real Estate Settlement Procedures Act) letters to your mortgage company to get information and correct errors. Dealing with mortgage companies can be a nightmare for you — they make all sorts of error and hide information from you. Especially if you are falling behind or trying to do loss mitigation. And if you are facing a foreclosure — they become almost unbearable. So you can use RESPA letters to help — they are… (Read more)
You are wondering who in the world is “Foreclosure Home Retention LLC” and why they are writing to you about an upcoming foreclosure. We’ll look at the letter they typically send and then go through some questions you will be having about using this company to stop a foreclosure on your home. Here is the letter they typically send: Foreclosure Home Retention FORECLOSURE AUCTION NOTICE [Your name address] YOU MUST CALL (888)488-9542 TO STOP THE SALE OF YOUR PROPERTY Our… (Read more)
What is a notice of default letter before a foreclosure in Alabama? So you have a mortgage, you’re going through a rough patch, and you’re starting to miss payments on your mortgage. Now you’re getting a letter that says “notice of default,” and you’re wondering what in the world this could be. Typically, this is a letter that’s sent around 90 days/4 months. The letter itself basically says, “You’re late, and you’re in default because you broke the contract. If… (Read more)
We have previously discussed suing your mortgage company before an Alabama foreclosure — but should you consider this if you do not want to keep your home? Maybe. Let’s think this through. Do you have the right to sue before a foreclosure happens? What are the consequences of a foreclosure? Can you negotiate a settlement without a foreclosure and still leave your home? We’ll take a look at each of these. Do you have the right to sue before a… (Read more)
Alabama Foreclosure: What is dual tracking? This is a term that the mortgage companies have come up with, and they’re very proud of it. Dual tracking is something they used to do openly with consumers, but now they have to be more careful about it since some rules changed in 2014. Let’s get into what dual tracking actually is. Imagine the mortgage company has two train tracks that are parallel to each other. One track is loss mitigation, and the… (Read more)