Too often, people postpone getting help until after the time to assert their legal rights has passed. Others prematurely walk away from their homes in frustration, leaving themselves without any equity and vulnerable to deficiency claims. For each foreclosure situation, a counselor or lawyer must carefully evaluate your objectives and interests. It is better to get this help too soon rather than too late. Delay the foreclosure process.
Foreclosure can move very quickly.
One advantage of exercising your legal rights is that you can slow down the process. If you succeed in delaying the foreclosure, you should do everything possible during that time to put money aside toward your mortgage to avoid falling further behind. You should also act diligently to try to deal with your underlying financial problems. While delay can be helpful to you, you can't properly delay foreclosure just because you need more time. The actions you take must be based on some underlying legal claim that is raised in good faith.