What kind of help is available for homeowners facing foreclosure?

Homeowners facing foreclosure in West Virginia are eligible to receive help from foreclosure defense law. Under this law, homeowners have the right to present their case to a judge in order to prevent the foreclosure from occurring. Additionally, the law provides assistance to homeowners by requiring lenders to give homeowners an opportunity to work out a payment plan with the lender. To apply for foreclosure defense law help, homeowners must contact the West Virginia Housing Development Fund and provide proof of their financial hardship. This proof can come in the form of a complete bankruptcy filing, or other documents such as a pay stub, tax return, or other evidence of the homeowner’s inability to make payments. Foreclosure defense law also provides homeowners with additional protections. For instance, the law limits how long a foreclosure can remain on a homeowner’s credit history, and also stops banks from levying judgments against the homeowner. Additionally, the law prohibits lenders from requiring a homeowner to surrender the title to their home before they can receive a loan modification. Ultimately, foreclosure defense law is designed to help West Virginia homeowners stay in their homes, even if they are unable to pay their mortgage. It provides them with a legal avenue to fight back against foreclosure and provides additional protections against lenders.

Related FAQs

What is a foreclosure mediation process and how can it help me?
What are the different options available for stopping a foreclosure?
What should I expect during the foreclosure process?
What kind of help is available for homeowners facing foreclosure?
How can I make sure the foreclosure process is fair?
How do I go about filing for bankruptcy to avoid foreclosure?
What are my rights as a homeowner facing foreclosure?
Are there any laws that protect me from foreclosure?
What kind of evidence do I need to show in order to win a foreclosure defense case?
Are there any resources available for filing an objection to a foreclosure sale?

What kind of help is available for homeowners facing foreclosure?

Related FAQs

Related Blog Posts