If you are facing foreclosure you have more foreclosure defenses than you may realize. The most often used foreclosure defense is to file for bankruptcy which will buy you some time with an immediate stay of any foreclosure proceeding, but at the end of the day when your bankruptcy is discharged, the bank is going to be waiting with a motion to lift the stay on your foreclosure and push forward to foreclosure on your property. It may very well be that bankruptcy is your best alternative in the event that you have a large amount of medical bills or credit card bills or other unsecured debt to have discharged. If you are considering bankruptcy ONLY because you are facing foreclosure there are alternatives. There are several other bankruptcy alternatives. If you find that your lender or mortgage broker violated RESPA or TILA or HOEPA when your mortgage was underwritten you can have an attorney stop your foreclosure by filing a TRO or temporary restraining order on your trustee. The courts are granting these fairly liberally. This will buy you time and force your lender to the negotiating table as they will see a potentially damaging and costly suit coming and will want to mitigate their losses.
If your bank has levied charges against you that you think are unfair, you may have some recourse.