One of the biggest mistakes you can make after getting served with foreclosure papers is to do nothing, figuring you’ll “just let the house go.” Not only will you lose your home, but the bank will probably get a deficiency judgment against you; that is, a judgment awarding the bank money for the difference between [...]
Posts Tagged ‘loan litigation’
Foreclosure Mediation
If you get sued for foreclosure, remember that most courts give you the chance to “mediate” your case. In mediation, you, your lawyer (if you have one), and a representative of your lender who has the authority to get something done, meet with a mediator (a lawyer who doesn’t represent you or the lender, but [...]
