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.

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What kind of help is available for homeowners facing foreclosure?

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