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Responding to Foreclosure - Maryland Offers Homeowners  Legal Defenses to Delay Or Stop Foreclosure<br /><br /><br /><br />With all the rising tide of mortgage foreclosure  actions, Maryland has implemented new legal protections  for homeowners. The laws are intended to: (a)  shield homeowners who 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 can be served using a foreclosure  criticism.<br /><br />The newest legal protections went into effect  in April, 2008. Among other protections, the newest laws: (a) mandate that lenders supply  the homeowner with a written notice of intention to  foreclose at least 45 days ahead of 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 that 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 cover delinquent payments up until  one day ahead of the scheduled auction.<br /><br />[ http://shortsaleexpertmaryland.com/ebook  Maryland short sale expert] - The goal is always to ensure that homeowners  receive increased time to research alternatives to foreclosure. Homeowners should determine whether their lender complied with all the procedural  requirements that are new in  reacting to foreclosure grievances. A  homeowner should expressly  raise the lender's noncompliance with the law as an affirmative defense in their  response to the foreclosure complaint, where  the mandatory notices are not  correctly served. By declaring the affirmative defenses that are  just available, homeowners  might be able to delay foreclosure and  motivate lenders to provide  non-foreclosure options, like loan  modification and short sales.<br /><br />Previously the Maryland  legislature passed laws requiring lenders to  provide 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  special cautions and advice.<br /><br />[ http://youtu.be/0Ql5nh6gsE8 what is short sale vs foreclosure] - Like other  states, Maryland experienced record quantities of  foreclosures in 2009. Prince George's County and  Baltimore County have  experienced the greatest number of  foreclosures complete. On the other  hand, the upsurge in foreclosure rates  has impacted every part of the state. These  grim figures represent the  increase in joblessness, large quantity of high-interest mortgages, and property worth that are crumbling.  Even answers should file when  served with foreclosure complaints. Homeowners who answer foreclosure  charges are often able to impede the foreclosure procedure. In  many instances, homeowners who've filed responses to foreclosure  charges have found that their lenders  tend to be more ready  to contemplate various  options, including short sales and loan  adjustments, that  were unavailable previously.<br /><br />[ http://youtu.be/0Ql5nh6gsE8 what does short sale  mean] - Foreclosure reply forms can be found for download, and therefore are relatively simple to complete and file with the court. A foreclosure response need not be complicated or lengthy. The primary purpose is to set forth  any affirmative defenses which may be  pertinent, and  also to concisely deny those allegations in the  charge that are not true.  These are just some of  the affirmative defenses to foreclosure a  homeowner should consider claiming in their own  answer form.