What are the pros and cons of different foreclosure defense strategies?

Feb 7, 2025 ... Washington, DC is taking steps to establish a permanent program seeking to protect its older residents with reverse mortgages from foreclosure. Nov 30, 2022 ... These scams target seniors who are at risk of losing their homes to foreclosure. Scammers promise foreclosure relief by obtaining a reverse ... Reverse Mortgage Servicing & Foreclosure: Emerging Issues. ISSUE BRIEF • APRIL 2017. Odette Williamson, Attorney, National Consumer Law Center. The National ... Apr 30, 2024 ... In July 2023, the Appellate Court of Maryland held, as a matter of first impression, that a reverse mortgage foreclosure sale did not extinguish ... What is a reverse mortgage? ... If you have been served with a notice that your loan servicer has filed a foreclosure action, you should consult an attorney ... Aug 31, 2020 ... For more information about the foreclosure process in Maryland, see MLA's Homeowners and Foreclosure brochure. Reverse mortgage lenders often ... A reverse mortgage allows you to withdraw some of the equity in your home. “Home Equity” is the value of your home minus the amount you owe. HECM borrowers may reside in their homes indefinitely as long as property taxes and homeowner's insurance are kept current. The amount that will be available ... A reverse mortgage can be useful for a senior facing foreclosure. Sometimes, a borrower cannot make the mortgage payment, but has a low mortgage balance that ... Jun 29, 2012 ... Wells Fargo & Co. is ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy ...