A foreclosure is a stressful and overwhelming experience. The homeowner may feel very much like David and view the mortgage service company like Goliath. This is understandable, but do not give up hope. You may be able to use one of the four following defenses against the foreclosure proceedings.
Improper Accounting of Your Mortgage Loan
You would think with many mortgages serviced by large banks employing experienced individuals, the error rate would be low; but you would be mistaken. In fact, the records of many mortgage service companies can be completely wrong. How? If your mortgage loan was chopped up and swapped around between multiple servicers, mistakes could have been made and the mortgage servicer attempting to foreclose on your home may not even realize these errors occurred.