Foreclosure Defense Under the Federal Dodd-Frank Act – Stops Foreclosure Sales
Dodd-Frank Act Impacts Foreclosure Defense
Attorney Matt Weidner discusses foreclosure defense by applying the power of the new federal law known as the Dodd- Frank Act. Bankruptcy may not stop a foreclosure sale. But under the Dodd-Frank Act a court cannot enter judgment if there is completed loss mitigation package pending. This is an important protection for consumers facing lawsuits by mortgage companies or banks.
If you about to lose your home, ask your attorney about application of the Dodd-Frank Act in connection with trying to find a solution by applying for a loan modification. Too often lawyers working for the bank or mortgage company press on to get the house sold and do not realize there is a pending loss mitigation application for a loan modification. Applying Dodd-Frank in foreclosure defense can give the homeowner more time under federal law to work out a solution.
If you a Florida homeowner needing help with your foreclosure, please contact us at 727-954-8752 or visit us online at http://mattweidner.com.
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