You have kids, work hard at your job and didn't expect to struggle with your health. Unfortunately, because you have had to finance so much lately, you haven't had the money to provide payments on your home. What can you do to avoid going into foreclosure now that you've missed several payments? Here are two possible ways to stop the foreclosure process and get back on track.
Clients, a married couple, approached our Firm to inquire about bankruptcy after learning they were facing foreclosure on their home. After a review of their case, it was discovered that the clients had been forced into a loan modification they did not solicit, had been charged for fees they should never have incurred, and had payments to their account misapplied.
The economy is no longer officially in recession, but it remains tough. In Minnesota as in the rest of the nation, the real estate market is still very slow and unemployment remains high. Belt-tightening is the order of the day for many businesses and individuals, as well as government agencies and nonprofits.
As many as three million Americans may lose homes to foreclosure this year. The effects of this national trauma are far-reaching, and one of them involves the exercise of one of the most fundamental rights a citizen has - voting.