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How Do You Calculate Damages on a Wrongful Foreclosure

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How Do You Calculate Damages on a Wrongful Foreclosure  Part 2   If you have been recently served with a foreclosure notice, then the "how do you calculate damages on a wrongful foreclosure?" question that you are asking yourself is very similar to the "how do you calculate damages on a suit of general liability?" or any other negligence case. Of course, there is no right answer in either case. The fact that you are even reading this article says that you are curious about it. Hopefully, after reading this article, you will gain some insight into whether or not your lender has a case against you. Foreclosure Process: As previously mentioned, homeowners are not given the opportunity to defend their home from foreclosure through the proper legal channels. This is why the notice of default was served. Because the homeowner was not able to defend his or her home against the notice of default, this automatically gives the lending institution the right to proceed with the...
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  How Do You Calculate Damages on a Wrongful Foreclosure Do you ever get calls from your lender or a trustee offering to help you in the event that you are a victim of a wrongful foreclosure ? If so, do you know how do you calculate damages? It is always best to have an attorney who knows what they are doing representing you. But what if you are unable to hire one? In order to figure out how do you calculate damages for wrongful foreclosure, you need to understand the process that goes with it. There are three main parties that are involved here. You the homeowner, the bank, and the lending company. The homeowner is the person who owes them money, while the bank and the lending company are the people who own the property. Process of Wrongful Foreclosure First, the homeowner must find a way to pay off his debt. If you can not do this, you may have to sell your home and potentially lose your home. This is where the second part comes in. The lender may come in and offer to refinance y...
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