Foreclosure Rights

Do you know how to protect your rights during a foreclosure? It can feel like you do not even have any rights during your foreclosure. I know that I felt like my life was in the hands of the mortgage company during my foreclosure process and I really wish that I would have gotten more educated about what my foreclosure rights were and how to protect them.

You have the right to legal counsel. The foreclosure workout document I got encouraged me to consult and attorney before signing them. I sincerely wish that I had. An attorney that knows the foreclosure laws for your state can help you protect your rights. The mortgage company has lawyers fighting for their rights, you should have an attorney fighting for your foreclosure rights too.

You have the right to fully understand every document that you are signing. Do not sign something just because the mortgage company tells you to. Read it and be sure that you understand every line. If you do not and you can not get an attorney, call your representative at your mortgage company and ask them to explain it to you. If they have done their job well, you understand what the document is and what you are signing before it ever gets to you. I called my mortgage company representative to ask him to explain what some of the documents I was signing were. They want you to sign them so they should have no problem taking the time to explain them in full to you. Understanding the documents you are signing is big part of protecting your foreclosure rights.

You have the right to bug your mortgage company as much as you need to. I was almost constantly following up with my mortgage company to make sure that they received documents, that they received the agreed upon payments. I was also calling them often with questions about my foreclosure and what was next in the process. You have a right o understand where you are at in the process and to make sure that the mortgage company received everything that they needed. Your foreclosure rights include the right to call your mortgage company as many times as you need to in order to make sure everything is on track.