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Send company default

my name is John watts I'm a foreclosure defense lawyer in Birmingham Alabama and one thing if you're facing a foreclosure you almost always will receive or I should say that you should receive what's known as a default letter they have check your mortgage but most standard mortgages have a provision that says before we can get to foreclosure before they can even accelerate your loan and we'll talk about that another video but before any of that sort of stuff happens you have to receive a default letter and here's what a default letter is it's fairly simple and it's a letter sent to you that says look you are in default you've done something wrong something that violates the contract here's exactly what it is you did wrong it could be you didn't make all your payments it could be you don't have homeowners insurance whatever it may be so tell you're in default here's how you're in the fall here's what you have to do to fix it so if it's insurance it might be give us proof of insurance if it's not paying your property taxes pay the property taxes if it's you are behind on your mortgage payments it's to catch them up and that's the normal thing so you're in the fall here's how you're in the fall here's what you got to do to fix it and it'll have a deadline normally it's 30 days and it'll say if you don't fix this default the technical word is cure the default you don't care or fix the default then we have the option as the mortgage company to accelerate your loan meaning the whole amount is due and to start foreclosure proceedings now if you are reading this on our website Alabama consumer dot-com there should be a pretty lengthy article beneath this talking about a recent case from the Alabama Supreme Court if you're watching this on youtube there should be a link just if you look at the description below you should be able to click on that link but here's the the basic gist of it if this default letter is not sent or as in this case that we talked about the the default letter and the acceleration letter put together then that may mean that nothing that the mortgage company does after that is legal in other words if they don't send the default letter they can't accelerate your loan they can't advertise in the newspaper that they're about to foreclose they cannot foreclose because this default letter again check your mortgage but this default letter normally is a requirement a prerequisite for them to accelerate advertise foreclose and if they couldn't have done any of those things then they certainly can't be suing you to eject you or evict you from your home so it's very critical in this true of anything with your mortgage to save the paperwork but if you're in this situation where you're facing acceleration you're facing foreclosure you're facing an ejectment then dig through your papers see if you have that you should be able to look at it'll say you're in default here's what you got to do to fix it here's how long you had to fix it and if you don't with then again normally 30 days we're going to accelerate and for close I hope this has been helpful to you if you live in Alabama and you're dealing with the mortgage company you have a question about it now feel free to give us a call two oh five eight seven nine two four four seven or you can fill out our form on Alabama consumer comm and if you like this video feel free to leave us a comment or click on that you liked it and we certainly appreciate