A mortgage foreclosure action is an action brought by a mortgage holder seeking to force a sale of the property that is the subject of the mortgage in order to satisfy, or partially satisfy, a debt that is secured by the mortgage.
If you owe a debt that is secured by a mortgage and you are a defendant in a foreclosure action, you could potentially lose your home to a forced sale. As the defendant, you have important legal rights and may have valid defenses against the foreclosure action. It is imperative that you know and enforce your rights and properly assert your defenses.
If you hold a mortgage and the debtor/mortgagor has failed to make payments as agreed in the note and mortgage or the debtor/ mortgagor has otherwise breached the terms of the note and mortgage, it is important that your foreclosure action is handled properly.
At Trader Legal we can help you whether you are seeking to file a foreclosure action or defend against a foreclosure action. Know your rights and obligations, call Trader Legal at (321) 723-6731.