If you’re a struggling homeowner that is facing foreclosure, you will need to decide if it is worth your time to fight the foreclosure. A foreclosure attorney from our legal team at Attorneys Title Services can help represent you during this difficult time. If you fall far enough behind on your mortgage payments, the home lender can begin a process known as foreclosure. This allows the lender to sell your home in order to repay the loan. Before this occurs, the lender must mail you a letter notifying you of the proceedings. To prevent this from happening, you will need to bring your loan current within 30 days of the notice.
When You Should Consider Legal Help With Your Foreclosure
Here are some situations where you should consider hiring or consulting with an attorney.
- You have a defense and want to keep your home: In this case the loan servicers may not have followed proper foreclosure procedures, can’t prove it owns your loan or made a serious error on your account.
- You are in the military: Active military service members have special protections against foreclosure. Also, if you took out your mortgage before going on active duty, the servicer cannot foreclose without a court order or waiver by you yourself.
- You need help with a loan modification: This can include a lower interest rate or a longer amortization term. If this isn’t an option, some individuals may consider filing for Chapter 13 bankruptcy.
How We Can Help at ATS
The foreclosure process can be difficult to understand. Court procedures will vary from state to state and court to court. Our skilled legal team can help you navigate the waters of this process. We can even help you to avoid foreclosure with a loss mitigation. This includes something known as a partial claim that can help you become current on your payments pending qualifications.
We will represent you throughout the foreclosure action and may even be able to save your home with a Chapter 13 bankruptcy filing. All of these things will depend on the individual, the amount they’re behind, their other debt and other variables. We can advise you of all of the options that would work best for your financial situation.
Ultimately, if you’re struggling with paying your mortgage and have found yourself in foreclosure, we at ATS can help you. Contact us today for a free consultation by calling 904-260-0105.