Your mortgage lender is foreclosing your home. What is your first step? Do you defend the foreclosure action? Do you file for bankruptcy? Do you look for a modification or workout of your mortgage? What questions do you need to ask?
All of these are valid steps in dealing with a mortgage default. Any number of reasons exist for why a mortgage lender decides to foreclose a home. You may have missed some payments or you may have failed to pay for the real estate tax bill when it came in or let the insurance lapse by mistake. The lender may have misapplied or lost your payment or improperly charged you fees that are not due. You may have valid defenses to the foreclosure or no defense at all. Whatever the reason, do not make the mistake of failing to get help.