Despite some signs of progress, Ohio still retains one of the highest rates of foreclosure in the country. But if you’ve recently received a notice of foreclosure, remember that you don’t have to lose your home. Learn how to fight foreclosure in Ohio by reading the following tips:
Don’t abandon your home. First, the foreclosure notice simply starts a lengthy legal process that must take place through your Ohio county court. You do not have to leave your home! You have, at minimum, several months to stay. And if your home appears abandoned, your bank may change the locks and keep your out permanently.
File a prompt answer. If you fail to respond to the foreclosure complaint within 30 days, your mortgage lender will seek a default judgment. Even if they get a default judgment, it may be several months before they can seek a foreclosure sale, but it’s best to play it safe and respond as soon as your receive the foreclosure notice.
Call an Ohio foreclosure attorney. Of course, you don’t want to lose your home, but you may not have the first clue about how to fight foreclosure in Ohio, and how to file an answer in court. This is where an attorney can provide help. Experienced Ohio foreclosure attorneys can help guide you through the complex foreclosure process, and may give you a better chance to save your home.
Survey your mortgage and note. There are two key documents in a foreclosure case: The mortgage, which is the lien against your property, and the note, which is your promise to the bank to repay the loan. If these contain errors, or were made fraudulently, your mortgage lender may not have the right to file a foreclosure action.
Check for fraudulent assignments. Alarmingly, many mortgage lenders sell your home loan before the ink on your signature is even dry. And the buyers often turn around and sell the loan to someone else. This chain of mortgage sales can create a mess, particularly if your lender failed to send the paper copy to the first purchaser. A fraudulent assignment could also help you save your home and defeat the foreclosure action.
For more information on surveying your mortgage and note, checking for fraudulent assignments, and potentially saving your home from foreclosure in Ohio, contact an Ohio foreclosure attorney today. You don’t have to lose your home.