You can explore some of the alternatives by going to the Department of Housing and Urban Development’s Web site, http:// hud . gov
Read more here:
Legal defenses for the borrower who's fallen behind
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Maybe the reason you fell behind in your mortgage is a long term loss of income. You cannot meet the requirements of one of the four previous options, and you are ready to move on. There are two major problems with this option. The first problem is that you will definitely have a ... You may have valuable defenses and counterclaims against your mortgage company that could actually prevent foreclosure and even require your mortgage servicing company to pay you damages. ...