No one wants to face the prospect of losing their home, but it is a reality for millions of Americans. Thankfully, West Chicago foreclosure defense attorneys can offer help if you find yourself facing the foreclosure process. How might these specialist attorneys help you?
It May Not Be Your Fault
In many instances, you might face foreclosure because of an inability to make your payments. However, in other cases, your financial troubles might not be your fault. It might be a mortgage servicer-related problem.
What Is a Mortgage Servicer?
A mortgage servicer is a third-party that works with your lender. These firms provide a range of services that the bank or another lender might not be able to do on their own, such as collecting and recording monthly payments, paying insurance, paying taxes, or even initiating the foreclosure process.
How Can Mortgage Servicers Cause Problems?
How might your foreclosure be related to a mortgage servicer? There are quite a few common errors on the part of mortgage servicers that could lead to you facing foreclosure, and West Chicago foreclosure defense attorneys can help you determine if any of those were at play in your specific situation. What sorts of problems could be present?
Problems and Errors
A mortgage servicer could create any number of errors. One of the most common is to impose unreasonable charges. This is particularly common when you are behind on payments. The servicer charges a fee for that late payment, which increases the amount you owe. That can snowball, leading to mounting charges that make it impossible for you to ever catch up on your mortgage payments. Another error is not accepting conforming payments, and yet another is improperly crediting or applying for payments. In this situation, you might have made your payment on time, but an error in the servicer’s system applies that payment to someone else’s account, or loses it completely.
At Covert and Covert, LLP, we have years of experience in helping homeowners just like you. There is no reason for you to face the foreclosure process alone. We can help you. In addition to providing legal representation throughout the process, we can investigate for mortgage servicer errors and mistakes that might have compounded the problem, or even instigated the problem in the first place. We invite you to get in touch with us today.
