How to Get Your Foreclosure Postponed

If you feel that your home is going into foreclosure due to errors on the part of your lender or bank, there are several steps you can take to try to negotiate a postponement. By following these steps, you may be able to get your lender to hold off on your home’s foreclosure.

Have a Solution

The easiest way to create a compelling argument for your postponement is to consult an attorney. An attorney will be able to help you build an argument by coming up with a solution for how you will handle your mortgage if a postponement is granted. For example, this might include applying for a loan modification, reinstating your loan, or selling your home. In order to be granted a postponement, you are going to need a potential solution in place. Your lender is not going to give you more time for no reason.

Explain Your Situation

Convey to your lender the reasons for your financial hardships and what you can do to fix them. Your lender is going to want to know exactly what led to your delinquency, how you are going to come up with money to make up for your missed payments, and why you weren’t able to take those steps before. Making this information clear to your lender can greatly improve your chances of being granted a postponement.

Explain the Errors Caused by Your Lender

This is generally the most important part of your case. If your lender made any significant errors which lead to your foreclosure, then your chances of being given more time will increase dramatically. You should have your attorney review any communications you have had with your lender, and record every mistake that they may have made. You and your attorney should be able to explain everything that your lender did wrong, especially if those mistakes caused your delinquency. If you are facing a potential foreclosure, contact a foreclosure defense attorney immediately to help you build a case for a foreclosure postponement.

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