What is the difference between a mortgage modification and foreclosure defense?

Mortgage modification and foreclosure defense are two different legal strategies used by homeowners in Washington to protect themselves from foreclosure. A mortgage modification is a legal process through which a homeowner works with their lender to modify their existing loan terms in order to make their mortgage more affordable. This might include reducing the principal balance or interest rate, or extending the term of the loan. Foreclosure defense, on the other hand, is a legal strategy used to defend homeowners from foreclosure through the filing of various court documents and motions. It involves developing a defense to the foreclosure action, typically by claiming the lender failed to follow the correct foreclosure procedures or that the homeowner was not given sufficient time to make loan payments. In some instances, foreclosure defense may allow a homeowner to remain in their home while they negotiate a loan modification with their lender. It is important to note that while both strategies can help a homeowner in distress, they are not mutually exclusive; borrowers often pursue both simultaneously. With the help of an experienced foreclosure defense attorney in Washington, homeowners can work to protect their rights and keep their homes.

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What is the difference between a mortgage modification and foreclosure defense?

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