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Foreclosure & Alternatives Archives

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?

unable to pay the.jpgThe 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.

CAN A LENDER FORECLOSE WHILE A LOAN MODIFICATION APPLICATION IS PENDING?

  can a lender foreclose-thumb-300x200-87706.jpgThe home is where the heart is, often filled with many of our life's memories as well as offering a treasured place of comfort and security. When that becomes threatened, you may find yourself exploring and exhausting every option before giving in to foreclosure.

Why Should I Hire a Foreclosure Defense Attorney?

If you are having trouble making mortgage payments, the threat of foreclosure is probably weighing heavily on your mind--and unfortunately, this is an issue that will only escalate if you do nothing. You are probably worrying about losing your home, finding another, and cringing at the thought of what will happen to your credit.

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

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