If there are grounds for alleging that loan documents, notices, or some impropriety in the sale, the borrower may file a “wrongful foreclosure” lawsuit.
If you are facing a potential foreclosure or have received an “Notice of Default and Intent to Accelerate,” you should act quickly. It is much easier to stop a foreclosure before it occurs than to get a remedy after the foreclosure is complete. If the property is sold to a third party there is little chance that the borrower will get the property back. If you are facing foreclosure, it is important to contact a wrongful foreclosure attorney as soon as possible.
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