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Responding to Foreclosure - Maryland Offers Homeowners  Legal Defenses to Stop  Or Delay Foreclosure<br /><br /><br /><br />With the rising tide of mortgage foreclosure  actions, Maryland has implemented new legal protections  for homeowners. The laws are intended to: (a) protect homeowners that have been fraudulently induced to  enter into high-interest loans; and (b) provide homeowners with  info about alternatives to foreclosure as well  as the need for submitting  an answer when they are served with a foreclosure  complaint.<br /><br />The newest legal protections went into effect  in April, 2008. Among other protections, the newest laws: (a) mandate that lenders give you  the homeowner with a written notice of intention to  foreclose at least 45 days just before filing a  foreclosure action in court; (b) require that lenders wait until 90  days after a default in payment before commencing a foreclosure  case; (c) demand the foreclosure court papers  be personally served upon the borrower; (d) require lenders to  release a notice of sale in a paper at least  three times before the foreclosure sale can take place; and (e) give homeowners the opportunity to pay overdue payments up until  one day prior to the scheduled auction.<br /><br />[http://shortsaleexpertmaryland.com how to short sale Maryland] - The goal is to ensure that homeowners  receive increased time to explore alternatives. In reacting to  foreclosure complaints, homeowners should  ascertain whether their lender complied  with all the procedural requirements that are new. Where  the mandatory notices were not  properly served, a homeowner should especially increase the lender's  noncompliance to the foreclosure criticism with the law as an affirmative defense in  their answer. By declaring the newly  accessible affirmative defenses, homeowners  might be able to delay foreclosure and  motivate lenders to provide  non-foreclosure options, like short sales and loan modification.<br /><br />Formerly the Maryland  legislature passed laws requiring lenders to  supply specific notice. This law took  effect on May 26, 2005 and, among other things, requires  that foreclosure notices comprise  data and specific warnings.<br /><br />[http://shortsaleexpertmaryland.com  Maryland short sale expert] - As with other  states, Maryland experienced record numbers of  foreclosures in 2009. Prince George's County and  Baltimore County have  experienced the highest variety of  foreclosures overall. On the other  hand, every portion of  the state has influenced. These  grim statistics reflect the  increase in joblessness, large number of high-interest mortgages, and property worth that are crumbling.  The most distressed homeowners should file  answers when served with foreclosure complaints. Homeowners who answer foreclosure  complaints are usually  competent to impede the foreclosure process. In  many instances, homeowners who've filed replies to foreclosure  complaints have discovered that their lenders  are somewhat more ready  to consider various  options, including short sales and loan modifications, that  were unavailable previously.<br /><br />[ http://youtu.be/0Ql5nh6gsE8 foreclosure process  Maryland] - Foreclosure answer forms are relatively easy to complete and file with  the court, and are available for  downloading. A foreclosure reply need not be extended or  complicated. The main purpose is to concisely  deny those allegations in the complaint  which are not true, and also to set forth any  affirmative defenses which may be  pertinent.  These are only some of  the affirmative defenses a  homeowner should consider maintaining in their  response form.