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Foreclosure & Alternatives Archives

How a Lawyer Can Keep You Stay in Your Home

How a Lawyer Can Keep You In Your Home v2.jpgForeclosure is the legal process that a lender may initiate when a debtor has missed numerous mortgage payments. This process is one that, if successful, allows a lender to force the sale of a home in order to satisfy the outstanding debt that is owed on the property. Foreclosure does not come without warning, as there are specific methods and deadlines that a lender must follow to notify a debtor that they are in breach of contract and that foreclosure is looming.

Staying in Your Home With A Mortgage Loan Modification

Staying in Your Home With A Mortgage Loan Modification.jpgHomeownership is an essential element of the American Dream. There is a great amount of pride in picking out (or building) a home, raising your children there, and putting money into the house as an investment into your financial future. Unfortunately, home loans can have very long terms, and a lot can change in your life during that time.

The Consequences of Foreclosure

The Consequences of Foreclosure.jpgPurchasing a home is one of the most exciting times in a person's life. While it is a major financial investment, it represents much more than that for the security, stability, and future of homeowners and their families. Unfortunately, life is not free of hurdles or challenges, and some people find themselves unable to make their mortgage payments. Whether this is because of a bad loan, unforeseen circumstances, or changes in financial status, the ultimate result of failing to make home payments is foreclosure.

When Does it Make Sense to Hand Over Your Deed?

When Does it Make Sense to Hand Over Your Deed.jpgWhen a homeowner falls behind on their mortgage payments, it is very likely that foreclosure proceedings will soon follow. Struggling to make payments and facing foreclosure is all incredibly stressful and emotionally draining. However, you do have legal rights, and it is in your interest to speak to a foreclosure defense attorney to learn your options.

Does Mortgage Fraud Impact Foreclosure?

Does Mortgage Fraud Impact Foreclosure.jpgYour home is likely the most valuable asset you own. Beyond its monetary value, your home has incredible sentimental value as it represents your hard work, the place where you have raised your children, and the roof over your family's head. This makes foreclosure a stressful and scary prospect: you are literally facing the possibility of losing your home to a financial institution.

Over 65 & Being Foreclosed On--What is the Best Course of Action?

Over 65 & Being Foreclosed On.jpgMost Americans dream of retiring comfortably one day. Often, that is the motivation that keeps so many of us focused on the daily work grind, commuting to work, long hours and other sacrifices. While working for the same company for 40 years and then retiring at 65 with the gold watch and a sendoff to Florida may not be in the cards for most anymore, you probably still envision a more relaxed lifestyle in those much anticipated 'golden years.'

CONSUMER FINANCIAL PROTECTION BUREAU SUES OCWEN FOR "FAILING BORROWERS AT EVERY STAGE OF THE SERVICING PROCESS"

Ocwen Misconduct.jpgIn late April of 2017, the Consumer Financial Protection Bureau (CFPB) sued Ocwen Financial Corporation over allegations of widespread misconduct in how it serviced borrowers' loans.

The Hail Mary: Filing for Bankruptcy to Save Your Home

The Hail Mary Filing for Bankruptcy to Save Your Home.jpgIf you are in a serious financial crisis, it may seem like every part of your life has been affected in a negative way. Your options-as well as your future-may suddenly seem terribly constricted. You may feel very alone, and as if you can't talk to anyone about these problems, sometimes even including your own family. If you reach out for help though, you may be quite amazed at the positive results-and tremendous relief-you can achieve.

Unable to Pay the Mortgage: What Happens if I just Walk Away?

The threat of foreclosure does not happen overnight. For most homeowners in distress, payments have been late for at least several months-and possibly more. A loss of income is usually the cause, due to a life event that was almost certainly unexpected and even catastrophic in nature. Medical bills and illness may have completely turned your life upside down, and may have been coupled with the inability to work. With other outstanding debts like credit cards, student loans, and more, suddenly it may be impossible to make ends meet-and especially if other major issues arise such as divorce or unemployment.

Our bankruptcy attorneys will help you escape debt and
face the future with optimism.

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