You’ve been going through a hard time, and it’s taken a toll on your financial health. Maybe you’re facing a divorce, job loss, injury or illness.
You’re struggling to keep up with your mortgage payments.
Then your mortgage lender sends you a notice of default/acceleration.
What does that mean?
Most mortgages contain an “acceleration” clause. When you miss a payment, your bank can demand that you pay off the entire balance of your loan right now. If you can’t, you face foreclosure.
Before they can enforce this, however, you get a limited time to fix the missed payment.
You and your home are in a vulnerable position. Protect your rights by working with a foreclosure defense attorney from the Horenstein, Nicholson & Blumenthal law firm.
Our law firm doesn’t represent banks. We represent Ohio homeowners. Our goal is to help you end the confusion and move on with your life.
All you need to know is this: “Helping me, that’s HNB.”Talk to HNB
These warning notices from your bank are often required to give you certain information:
Because of that 30-day window to prevent a worse outcome, when you get one of these notices, you need to act fast.
You can start by getting the foreclosure attorneys at HNB to evaluate your situation for free.Get My Free Case Review
Notices of default or acceleration from mortgage companies should provide information on what will happen next.