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| Answers to your Foreclosure Defense Questions |
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Contact us |
Phone: 954-722-1300
Toll Free: 800-881-1300
Fax: 954-722-8125 |
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| Foreclosure Defense Services |
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| If the lender files a lawsuit against you for breach of the mortgage terms, i.e., default on your payment. This may result in the sale of your property. We can provide a foreclosure defense on your case to delay or stall the foreclosure lawsuit. A foreclosure does not stop until the matter is resolved or disposed of by such means as a modification, short sale, bankruptcy or some type of deal that has been entered into. |
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| The Law Offices of Manny Singh can provide your foreclosure representation. Please note that a response is usually due within 20 days from the date of service. |
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| Negative of this Option: The credit will be negatively impacted for some time and it may take longer to repair your credit. There could be a deficiency, especially if there is a second mortgage. In the past, the first mortgagee did not generally sue for deficiencies, however we are seeing more instances where they are being pursued. A deficiency is the difference between the foreclosure sale price, or the bank's re-sale price, and what was owed on the property. More than likely, you will also get a 1099 in situations like this. |
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