3 Facts about Foreclosure Law
There are many different types of law besides criminal law. These include laws surrounding housing, such as foreclosure law, family law and civil law. Here are three facts about foreclosure law.

1. Rights Regarding Foreclosure
As with any type of law, everyone involved in foreclosure has certain rights. Homeowners have a right to receive a breach letter in the event of a default, as well as a notice of foreclosure. In some jurisdictions, you may have the right to attempt to reinstate, that is to stop the foreclosure. You may also have the rights regarding redemption, mediation and challenge, again dependent on the jurisdiction in which you live.
2. Differences by Jurisdiction
Each state in the U.S. has differences from other states in its foreclosure laws. A good example is the difference between how soon the bank must notify a homeowner about the foreclosure in each state. In Washington state, you’re entitled to sixty days’ notice, while in Pennsylvania the time period is ninety days. When dealing with foreclosure law, talk to lawyers practicing in your state because they’ll be the most familiar with your state’s laws. For example, you’ll want to speak to foreclosure lawyers in Maryland if you live there.
3. Redemption Periods
The redemption period is an important aspect of foreclosure law. It refers to the period of time between the sheriff’s sale, or auction, of the home and the date on which the homeowner must relinquish his or her residence. During this period, the homeowner is allowed to attempt to redeem his or her home.
If you ever need to deal with a certain type of law, you’ll need to learn as much as you can about that type of law and speak with experts in the field. Make sure you speak with an experienced attorney about any questions or concerns you have.…