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Responding to Foreclosure - Maryland Offers Homeowners  Legal Defenses to Stop  Or Delay 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  info about alternatives to foreclosure as well  as the importance of submitting  an answer when they're served with a foreclosure  complaint.<br /><br />The newest legal protections went into effect  in April, 2008.<br /><br />[http://shortsaleexpertmaryland.com short sale hardship letter] - The goal  will be to ensure that homeowners  get increased time to research alternatives. Homeowners should determine whether their lender complied with the procedural  requirements that are new in  reacting to foreclosure complaints. A homeowner should  expressly increase the lender's  noncompliance with the law as an  affirmative defense in their own answer to the  foreclosure complaint where the required  notices weren't correctly served. By  claiming the newly  accessible affirmative defenses, homeowners may have the ability to delay foreclosure and  move lenders to provide  non-foreclosure options, for  example loan  adjustment and short sales.<br /><br />Formerly, in 2005, the Maryland  legislature passed legislation requiring lenders to  offer special notice to homeowners  regarding their rights in foreclosure actions. This law took  effect on May 26, 2005 and, among other things, requires  that foreclosure notices comprise  data and special warnings.<br /><br />[ http://youtu.be/0Ql5nh6gsE8 short sale  process Maryland] - As with other  states, Maryland experienced record quantities of  foreclosures in 2009. Baltimore County and Prince George's County have  experienced the greatest amount of  foreclosures total. However, the upsurge in foreclosure rates  has influenced every portion of the state. These  dismal figures reflect the  upsurge in unemployment, large variety of high-interest mortgages, and crumbling  property worth.  Even answers should file when  served with foreclosure grievances. Homeowners who answer foreclosure  complaints are usually  competent to impede the foreclosure process. In  many instances, homeowners that  have filed responses to foreclosure  complaints have discovered that their lenders  are far more prepared  to take into account various  alternatives, including short sales and loan  adjustments, that were not made available previously.<br /><br />[ http://shortsaleexpertmaryland.com/ebook how to short sale Maryland] - Foreclosure  response forms can be found for download, and are not  too difficult to complete and file with  all the court. A foreclosure answer need not be complex or  extended. The principal purpose would be to concisely deny those allegations in the  complaint that are fictitious, and to set forth any affirmative defenses  which might be applicable. In  foreclosure cases, replies often feature these affirmative defenses: (a) the mortgage was entered  into fraudulently or in violation of the Truth in Lending  Act; (b) the lender didn't comply with  appropriate notice periods; and (c) the lender failed  to personally serve the foreclosure summons and complaint.  All these are only some of  the affirmative defenses to foreclosure that a  homeowner should consider asserting within their  response form.