DON'T FACE FORECLOSURE ALONE.
LET US HELP YOU DETERMINE YOUR OPTIONS.


The home truly is a family’s castle

Nothing is as sacred as our family, our beliefs and our home.  Your home is your most valuable asset.  Yet we all know that life is unpredictable and sometimes, circumstances beyond your control arise and prevent you from making your mortgage payments.


How does this happen? 

There are many reasons why homeowners face difficulty in making mortgage payments: temporary unemployment, loss of overtime, medical illness or injuries, marital difficulties, unexpected expenses, the list goes on.  Whatever the reason, it is important to be informed of all available options and to act quickly.


How we may be able to assist you

Our office provides effective assistance to home and property owners faced with the possibility of losing their homes or property by providing effective solutions based on the individual’s particular situation and current financial status.   Timely intervention by a knowledgeable and experienced professional is critical.  We help you explore all options available so that you may find the most efficient and economical solution that meets your objective.  


We put our knowledge and expertise into action

Most delinquent borrowers are unaware of legal strategies or options that may be available to them.  In over half of foreclosure cases, they don’t even contact their lender. Once you retain our services, we will start dealing with your lender directly.  We immediately put our legal knowledge and expertise to use in finding the most effective means to help you save your home or property. 


Primary options to consider 

    Repayment Plan-  This is a written agreement between you and the lender to help you make up missed payments. Generally, the agreement will require higher payments than your regular mortgage amount for a short period of time until your account is brought current. 

  Loan Modification-  This involves changing one or more terms of a mortgage.  For example, the interest rate may be reduced or the mortgage term may be extended by adding the delinquent payments to the mortgage balance.  To be granted, you must usually prove a strong, justifiable reason for your request for modification. 

   Forbearance Agreement-  The lender may allow you a period of time during which you make either lower or no payments at all.  Unless the loan term is extended, later payments will generally be higher than the regular mortgage amount until the loan is brought to “current” status again. 

 Refinance- Prior to the foreclosure sale, refinancing to pay off your old loan can help you save your home. However, banks often require that you have a sufficient equity cushion in your property in order to approve your loan application. 

 Bankruptcy-  If you are eligible, filing for Chapter 13 bankruptcy may be the most effective legal strategy to stop the foreclosure if all other options have failed.  Filing for Chapter 13 protection immediately stops the foreclosure process and allows you to make payments under a court-supervised plan.  If you are behind in paying property taxes, you may even include these in your repayment plan.  Our law firm has successfully helped hundreds of individuals and families avoid foreclosure by assisting them in obtaining Chapter 13 relief.  If foreclosure is unavoidable and results in a deficiency for which you are liable, filing for Chapter 7 bankruptcy may discharge the debt.


SECONDARY OPTIONS TO CONSIDER

  Deed in Lieu of Foreclosure- With the lender’s cooperation, this option allows you to simply deed your property back to the lender and avoid the agony of going through foreclosure.

  Short Sale or Pre-Foreclosure- Where you are unable to sell your property for enough money to cover selling costs and all outstanding loans, the lender may agree to take less than full amount (a "short" payoff) as full satisfaction of your loan obligation.