Top
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. 

Our Values Helping You Avoid Bankruptcy
  • Proactive

    My goal is to reach as many people as possible to let them know that they do have the option to combat collection agency bullies.

  • Committed
    My firm is proud to deliver high-quality legal representation and compassionate counsel during this difficult time.
  • Knowledgeable

    Over 25 years of experience and the qualifications to fight for you and your rights.

  • Power

    We fight back and make the debt collector pay YOU money for their abusive, harassing behavior.

Free Consultations Available Contact Our Offices

Whether you have questions or you’re ready to get started, our legal team is ready to help. Complete our form below or call us at (610) 991-3321.

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy

Our Valued Clients Share Their Thoughts

  • "They are very straight forward and told us what to expect each step of the way. They are tireless advocates for their clients and profession."
    RD & AD
  • "Someone You Definitely Want in Your Corner"
    J.C.
  • "Fought for Me Like No Other. He's One of the Good Ones."
    J.W.
  • I trust Michael and as a result I highly recommend him.

    Heather C.
  • "Credit Report Inaccuracy Threatened My Promotion"
    R.T.
  • "He Got Me Out of a Financial Mess"
    Jerry Timlin
  • He managed to focus on the best outcomes for my family and our business

    TH
  • Michael P Forbes Photo
    Michael P Forbes

    VOTED AS ONE OF PENNSYLVANIA'S TOP LAWYERS

    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.

    Let’s Make Bankruptcy your Last Resort!

    Read Full Bio