Foreclosure refers to a home belonging to a bank which once used to belong to a homeowner. As the owner owns a mortgaged property and the mortgagor becomes unable to make the mortgage payments. Millions of cases were reported in 2008 regarding foreclosure due to the collapse of the economy. From the past few years, there are a number of homeowners, who were in the foreclosure process, started to fight back this occurrence through stalling the foreclosure proceedings. This legal strategy to fight back is called foreclosure defense. The purpose of the foreclosure defense and strategies is to prove that the bank does not own the right to foreclose. In order to succeed in this process, a highly skilled and experienced attorney is needed who knows how the mortgage industry works.
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