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Loading ...Court judges are frequently stormed by foreclosure cases with as much as 300 foreclosure hearings a month. The troubled homeowner usually begs for continuance too late to be saved. This is because of their ignorance of the foreclosure proceedings.
Unknowledgeable homeowners are usually too late and unprepared. They go to court with a look of confusion and fear for the uncertain legal proceedings that they will be going thru. They come unready to defend themselves against questions about delinquency and bank notices.
Unlike these lenders who are armed with their lawyers, documentations, notices, certification of late payments and repossession plans. They will clearly state that they have done everything to save their client from this trouble and that it is actually the homeowner’s fault.
Coming too late and unready forces these homeowners to fall into the lender’s conditions.
Some cases even have property owners who do not know loan conditions, the benefits of a fixed-rate mortgage and the down-sides of adjustable-rates. They will just wonder why their 7 percent interest rate is suddenly up to an unmanageable 11 percent.
Judges have hearts too. But they are in the court to grant or to deny relief. The best they can do is to stretch conditions as much as they could and/ or give advice. If the foreclosure is in its early stages, the homeowner must contact a lawyer, someone who will speak for them in court. There is help if they just know where to ask.
If property owners only knew that working with their lenders or asking aid from counselors, fewer cases will be brought into court proceedings.
It may appear unfair to the foreclosure-troubled, but they are just in denial. They may not listen to what they do not want to hear. If they would just take advantage of the available help given out by agencies, life may be fairer for them. They may even have a chance to keep their homes.
