Part Two of MLSA’s Foreclosure Series: Your Options: Keeping Your Home

By Beth Hayes, Staff Attorney, Montana Legal ServicesThe first thing to consider is whether or not you want to keep your home, and whether you are realistically able to do so. If you want to keep your home, and are realistically able to do so, there are many retention options available to you: Forbearance: Forbearance …

Part One Of MLSA’s Three Part Foreclosure Series: Foreclosure Procedure in Montana

By Beth Hayes, Staff Attorney, Montana Legal ServicesForeclosure is when a mortgage lender sells a borrower’s property to satisfy an unpaid debt on a mortgage. Foreclosure happens when a homeowner defaults on the mortgage. Default is another way of saying you are behind on your payments. About 15 days after you default, the lender will …