How to Prevent Foreclosures in Kansas
Foreclosure proceedings are initiated by a bank or other lender when borrowers fail to make the proper payments. These actions must follow set, specific legal proceedings. To prevent foreclosure a borrower will ultimately need to either make up missed payments and remain current with future payments or work out a new borrowing agreement with the lender.
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Instructions
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Retain an attorney. This is a key first step because the foreclosure process will involve the legal system.The Kansas attorney general recommends that all borrowers facing foreclosure immediately retain an attorney. Kansas Legal Services offers free or low-cost attorney services to people with limited financial means.
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Contact the lender or company that sends you a mortgage bill each month. Make the call immediately upon receiving a foreclosure notice. Request information about loan modification and mitigation programs that are run either by the company or in conjunction with the federal government. These programs may help you change the terms of your loan and resume payments at a lower level.
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Tell the lender or company sending you a bill to send documentation of your legal rights and obligations under federal and state law. Insist that this information be delivered by mail and in writing, not over the phone.
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Contact a foreclosure counseling service. The U.S. Department of Housing and Urban Development provides a list of approved foreclosure counselors in Kansas. Contact only an agency approved by the department to avoid scams or illegal counseling services. Foreclosure counselors can work with your attorney and help you understand your responsibilities in the process. They can also help you in discussions with your lender.
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Contact the consumer protection division of the Kansas attorney general's office if you believe you have made all required payments and that the bank is foreclosing in error. Contact the division as well if you believe you are the victim of a scam or fraud,
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Tips & Warnings
Each foreclosure case is unique and difference. It is essential that you take immediate steps to obtain assistance from a foreclosure counselor and an attorney to understand your legal rights and obligations.
