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Why Fight Foreclosure?

Why Fight Foreclosure in Pennsylvania?

Fighting Foreclosure in Philadelphia

If you have fallen significantly behind on your mortgage payments or are already facing foreclosure, what should you do? Should you choose to fight foreclosure?

As an experienced Philadelphia lawyer, I can offer you some helpful guidance and information based upon your unique situation. I have also included some basics here online to help start you in the right direction. This is an important matter and one that should be decided as quickly as possible.

For some, it may seem to be the easiest solution in the face of increased interest rates and payments that are difficult or simply impossible to pay. If the property cannot be sold for enough to satisfy the loan, a homeowner may be tempted to walk away and let the lender have the property. Unfortunately, this option is often a mistake.


Fighting foreclosure in PA? Reach out to The Law Office of Michael P. Forbes, PC online today to schedule a consultation with our experienced foreclosure defense lawyer.


What Are the Consequences of Foreclosure?

Though the right choice may vary depending on your unique needs and financial situation, it is almost always a better option to avoid foreclosure whenever possible.

Foreclosure can:

  • Ruin your credit rating, making it exceedingly difficult to borrow money in the future
  • Affect your ability to rent a home or lease a vehicle
  • Can even cause your federal income tax to increase because you can no longer take advantage of the valuable deduction that a home provides
  • And on top of all of this, you may lose the home that you have lived in for years or decades

What Is Deficiency Judgment?

Another negative consequence of a foreclosure is the deficiency judgment. When the amount due is greater than the equity value of the home, the lender can seek out a deficiency judgment against the borrower for the amount that is still due after the sale. In this case, you not only lose your home, but the lender can pursue a deficiency judgment against you for the difference.

If the mortgage was upside down, the deficiency judgment can be for tens of thousands of dollars if not more. It's bad enough that you would have to lose your home, but the situation is even worse if you have to pay thousands of dollars for a home you can no longer live in and enjoy.

How To Fight the Foreclosure of Your Pennsylvania Home

For anyone who is at risk of foreclosure, it's a wise idea for them to try and work with the lender in order to prevent foreclosure. The lender may be willing to work with you; for example, the lender may be willing to give you extra time to pay, or they may suggest other solutions.

There are many variables that could actually work to your advantage. Whenever you are facing foreclosure, the last thing you want to do is sit back and do nothing.

How The Law Office of Michael P. Forbes Can Help

All is not lost if you have been served a notice of foreclosure. Find out how you can fight to save your home or work out an alternative that does not ruin your credit. Take advantage of my experience as a foreclosure lawyer and call my offices to discuss your rights and options.


Contact a Philadelphia attorney today to get the help you need to fight foreclosure.


My firm handles cases in Upper Darby, Springs, Chester, Lansdale, Norristown, Phoenixville, King of Prussia, Media, West Chester, Downingtown, Havertown, Lansdowne, Coatesville, Plymouth Meeting, Exton, Doylestown, New Hope, Douglasville, Reading, Collegeville, Royersford, Newtown, Exeter, Chester Burkesville and Birdsboro and throughout Philadelphia County, Montgomery County, Chester County, Lancaster County, Bucks County, and the surrounding areas in Southeastern Philadelphia. 

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    Mr. Forbes has always been driven by the desire to help others. With that in mind he began his law career representing indigent families in the Philadelphia family law system for seven years.

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