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Responding to Foreclosure -<br /><br /><br /><br />Using the rising tide of mortgage foreclosure  actions, Maryland has implemented new legal protections  for homeowners. The laws are meant to: (a) protect homeowners that have been fraudulently induced to  enter into high-interest loans; and (b) provide homeowners with  information about alternatives to foreclosure and the need for submitting  an answer if they have been served with a foreclosure  criticism.<br /><br />The newest legal protections went into effect.<br /><br />[ http://youtu.be/0Ql5nh6gsE8  Maryland short sale expert] - The aim is to ensure that homeowners  receive increased time to research alternatives. In  responding to foreclosure  grievances, homeowners should ascertain whether  their lender complied with the new  procedural requirements. A  homeowner should expressly  raise the lender's noncompliance with the law as an affirmative defense in their  answer to the foreclosure complaint, where  the required notices weren't  properly served. By maintaining the affirmative defenses that are  newly available, homeowners may have the ability to delay foreclosure and  move lenders to provide  non-foreclosure alternatives, such as loan  adjustment and short sales.<br /><br />Previously the Maryland  legislature passed legislation requiring lenders to  offer special notice to homeowners  regarding their rights in foreclosure actions. This law took  effect and, among other things, requires  that foreclosure notices contain specific cautions and advice.<br /><br />[http://shortsaleexpertmaryland.com Maryland short sale Realtor] - As with other  states, Maryland experienced record quantities of  foreclosures. Baltimore County and Prince George's County have  experienced the highest number of  foreclosures total. On the other  hand, every part of  the state has affected. These  grim figures reflect the  increase in joblessness, large number of high-interest mortgages, and property values that are crumbling.  When served with foreclosure complaints even answers should file. Homeowners who answer foreclosure  charges are generally able to slow the foreclosure procedure. In  many instances, homeowners that  have filed answers to foreclosure  complaints have found that their lenders  tend to be more prepared  to consider various  options, including loan modifications and short sales, that  were unavailable previously.<br /><br />[http://shortsaleexpertmaryland.com foreclosure process  Maryland] - Foreclosure answer forms can be found for download, and therefore are not  too difficult to complete and file with  all the court. A foreclosure response do  not need to be extended or  complex. The principal function is to deny those allegations in the  charge that are untrue, also to set forth any affirmative defenses  that might be applicable.  These are a few of  the affirmative defenses a  homeowner should think about claiming within their  reply form.