Do I need a lawyer to stop foreclosure?

Do I need a lawyer to stop foreclosure?

You don't necessarily have to hire a lawyer to handle the entire foreclosure process. You can simply pay for a consultation to get a little more legal guidance than a HUD counselor is able to give you.

How long does foreclosure take after being served papers?

Once you receive notice about the lawsuit, most people have 20 to 30 days to respond to the suit. If you file a response contesting the foreclosure action, it might take a few months—or even longer—before a judge rules on whether to grant the foreclosure.

Why would a foreclosure auction be postponed?

A foreclosure auction is postponed because the bank expects to make more money in the future than today. This can happen when real estate prices are rapidly rising. In this case, the current owner has a higher probability of being able to sell the property and pay off the loan.