Foreclosure

When people fall behind on their mortgages for a set period of time, banks or other types of creditors will initiate foreclosure proceedings.  The process of foreclosure begins when a creditor hires an attorney who files a legal document which is known as a Notice of Lis Pendens with the County Clerk’s Office.  Once the document is filed and approved, the home owner will be served with a notice of foreclosure.  For most people, being served with a notice of foreclosure is frightening and also overwhelming as people are scared of losing their homes.

However, before people panic, they should know that they have legal rights and also have alternative options.  The key to becoming aware of these options is working with an experienced and aggressive foreclosure defense law firm, like American Residential Law Group.