If you're facing the threat of falling behind on your mortgage payments, it might not be the end of your home ownership. You will have a lot of different options available to try and prevent the foreclosure from happening or to defend against foreclosure if you bank attempts to start the process.
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Since 2008, thousands of families have filed to foreclose on their homes. Lost jobs, medical expenses or child costs create risky scenarios and leave individuals unable to make mortgage payments. As bills go unpaid, banks begin the process of a foreclosure sale on your home.
If you've missed paying several payments on your home mortgage, your bank could be preparing to foreclose your home. In fact, you've probably already received a letter notifying you of the foreclosure process, which may be why you've turned to this article for a solution. While there's no substitute for speaking with a professional foreclosure defense attorney, here are three common strategies that foreclosure attorneys use to fight this legal process on behalf of their clients: