What kind of help can I get to prevent foreclosure?

Foreclosure defense law in Pennsylvania can provide you with help to prevent foreclosure. Upon the filing of a complaint, the court must appoint a qualified mediator who can meet with you and your lender in order to discuss possible solutions. The goal of foreclosure mediation is to obtain a mutually agreeable solution between the parties, such as a loan modification, repayment plan, or payment postponement. Your attorney can also negotiate directly with your lender to work out an agreement. Through negotiation, it’s possible to get the lender to agree to reduce the loan balance, lower the interest rate, extend the loan term, or take other measures, such as forbearance or a loan modification, to assist you in getting back on track with your payments. If negotiation fails and you are sued for foreclosure, you may be able to raise various defenses, such as those based on the accuracy of the paperwork, the lender’s past failure to properly maintain your loan, or the lender’s failure to properly advise you of your rights. Your attorney can help you analyze the facts of your case and determine which defenses may be available. Other forms of help may also be available, such as programs offered by Pennsylvania state or local government, or through non-profit organizations. For example, the Pennsylvania Housing Finance Agency (PHFA) provides assistance to those with foreclosure and other housing problems, including free foreclosure counseling. In some cases, the PHFA can even provide emergency loan funds. It is important to act quickly if you are facing possible foreclosure, in order to take advantage of all sources of help available. Contact an attorney who specializes in foreclosure defense law in Pennsylvania for help in exploring your options and obtaining the relief you need.

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What kind of help can I get to prevent foreclosure?

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