Lynch Law Offices, P.C.
Call Us Now for a FREE Consultation:
Offices in Four Convenient Locations

What to do when a bank wrongfully forecloses on you

Home foreclosures are an unfortunate reality for many Americans. In fact, a report from the Federal Deposit Insurance Corporation found that one out of every 200 houses in the United States will face foreclosure at one point or another. A quarter of a million families will face foreclosure every three months in this country. 

There are various actions a homeowner can take to prevent foreclosure, such as filing for bankruptcy. However, banks make mistakes all the time. You may think you are in the clear only to still have your bank breathing down your neck ready to foreclose. In instances of a looming wrongful foreclosure, there are steps you can take to protect your property. 

Provide pertinent documentation

When you go through bankruptcy, you definitely want to hang onto all relevant documents. You want paperwork that proves you are presently going through bankruptcy and that you have made all essential payments in a timely manner. With the right paperwork, you are sure to have an easier time proving to your bank that a foreclosure is a mistake. 

Contact the lender

In many instances, you simply need to contact your lender to inform them of the misunderstanding. Banks are immense institutions, and sometimes, a piece of paper goes missing, or someone does not communicate adequately. Having all the right paperwork handy often makes the process easier, and one phone call may save you a lot of stress. 

Contact an attorney

In the event you try contacting your lender on your own to no avail, then it is good to bring in legal representation. An attorney can take the lender to a courtroom, but in many cases, that will not be necessary. Once an attorney becomes involved, many lenders are more than willing to cooperate. Another option is to go to the media. Banks want to avoid public relation nightmares, and as long as you can prove the foreclosure is wrongful, you are likely to have a strong case in the public's eyes.

No Comments

Leave a comment
Comment Information

How Can we Help You? Contact An Attorney

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Four Convenient Office Locations To Serve You

Toll Free: 800-491-7493 Fax: 888-691-8337

Five Convenient Office Locations To Serve You

Lisle Office - DuPage County
1011 Warrenville Road
Suite 150
Lisle, IL 60532

Map & Directions

Lockport Office - Will County
900 South State Street
Second Floor, Suite A
Lockport, IL 60441

Map & Directions

Aurora Office - Kane County
1444 North Farnsworth
Suite 100
Aurora, IL 60505

Map & Directions

Palatine Office - Cook County
800 East Northwest Highway
Suite 700
Palatine, IL 60074

Map & Directions

Chicago Office - Cook County
1 S Dearborn
Suite 2100
Chicago, IL 60603

Map & Directions

Toll Free: 800-491-7493 Fax: 630-960-4755