Legal Question in Banking Law in Wisconsin

The changing of servicers or owners of a mortgage normally has no effect on either your rights or those of the lender. Rather, the exact same positions for both you and the lender are transferred intact to the new entity and therefore should not affect any pending lawsuits. Although this would be a creative and interesting argument to attempt, you will probably end up living on the street by the time you assert if if you do not prevent the sheriff's sale. The only way I know of to prevent it would be the filing of a bankruptcy proceeding, preferably a chapter 13, which can permit you to reinstate your mortgage, provided that you resume your normal payment and catch up on your arrearage over a five year repayment plan. You therefore urgently need to consult with a licensed bankruptcy/foreclosure defense attorney. Please do not assume that I am your attorney because of my response here, but feel free to call my office in Racine (262-633-3090 or email [email protected]) for clarifications regarding my answer. Otherwise, under the rules of this website, I would not be taking any further action on your case. See me on the web at www.jayknixonlaw.com. View my past answers at http://www.avvo.com/attorneys/53401-wi-jay-nixon-1529181/answers.html?sort=recency , or see an even larger collection of responses at http://www.lawguru.com/answers/search/attorney/jknixon, . Answers may contain attorney advertising materials..