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Responding to Foreclosure - Maryland Offers Homeowners  Legal Defenses to Prevent  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  information about alternatives to foreclosure and the need for filing  an answer when they may be served with a foreclosure  complaint.<br /><br />The latest legal protections went into effect. Among other protections, the  brand new laws: (a) mandate that lenders give you  the homeowner using a written notice of intent to  foreclose at least 45 days prior to 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  publish a notice of sale in a paper at least  three times prior to the foreclosure sale may  take place; and (e) give homeowners the opportunity to pay overdue payments up until  one day ahead of the scheduled auction.<br /><br />[ http://shortsaleexpertmaryland.com/ebook  Maryland short sale expert] - The goal is to ensure that homeowners  receive increased time to  investigate alternatives to foreclosure. Homeowners should  assess whether their lender complied with all the procedural  requirements that are new in  reacting to foreclosure criticisms. Where  the mandatory notices were not  correctly served, a homeowner should  expressly increase the lender's  noncompliance to the foreclosure complaint with all the law as an affirmative defense in  their response. By asserting the affirmative defenses that are  just available, homeowners may have the ability to delay foreclosure and  move lenders to offer  non-foreclosure options, for  example loan  modification and short sales.<br /><br />Formerly, in 2005, the Maryland  legislature passed laws requiring lenders to  offer special notice. 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 Maryland foreclosure expert] - As with other  states, Maryland experienced record numbers of  foreclosures. Baltimore County and Prince George's County have  experienced the greatest variety of  foreclosures total. However, every area of  the state has changed. These  dismal statistics reveal the  increase in joblessness, large variety of high-interest mortgages, and crumbling  property values.  Even answers should file when  served with foreclosure grievances. Homeowners who answer foreclosure  charges are usually able to slow the foreclosure process. In  many instances, homeowners that  have filed responses to foreclosure  charges have found that their lenders  are far more prepared  to take into account various  alternatives, including loan modifications and short sales, that are not made available previously.<br /><br />[ http://youtu.be/0Ql5nh6gsE8 short sale  process Maryland] - Foreclosure answer forms are available for  downloading, and are relatively simple to complete and file with the court. A foreclosure reply need not be complex or  extended. The primary purpose is to set forth  any affirmative defenses that might be  related, also to deny those allegations in the complaint that are not true.  These are just a few of  the affirmative defenses a  homeowner should think about claiming within their  response form.