Manning Loan Law Clients have access to an attorney for answers to these and other important questions. What do you want to know?

Call now and ask these common foreclosure questions:

1. What happens if I “go late” on my mortgage?

2. What effect will being late have on my credit rating?

3. Should I “go late” on my mortgage to modify my home loan?

4. What is the typical “foreclosure” timeline?

5. What is a “Notice of Default”?

6 . What is a “Trustee Sale”.

7. What is “Reinstatement”?

8. If my lender “forecloses” will I be responsible to the lender for a “deficiency judgment”?

9. What options are open to the holder of the second trust deed where there are two loans against a property?

10. What responsibility does a homeowner have for unpaid homeowner’s association dues after a trustee’s sale?

11. What borrower tax consequences are associated with foreclosure on a home loan?

12. What is a “short sale”?

13. What are the risks to the homeowner in a short sale transaction?

14. Are the risks to a homeowner in a short sale transaction different depending upon the number and type of trust deeds recorded against the property?

15. What is a “deed in lieu of foreclosure”?

16. What are people referring to when they talk about “just walking away”? Is that an option for me?

17. What are “Cash for Keys” programs?

18. What is the effect of the borrower’s bankruptcy filing on a pending foreclosure?

19. What is “Predatory Lending”?

20. Are lenders or servicers required to modify home loans?

21. Is there anything I can do to improve my chances of getting a loan modification?