Foreclosure is something that many homeowners and property owners experience when they start to fall behind in mortgage payments or simply are unable to make their mortgage payments anymore.
Most individuals are actually unaware that there are means available to avoid foreclosure and keep the rights to their homes or properties.
Experienced Kendall Foreclosure Lawyers
At Loan Lawyers, we have over 100 years of combined experience in helping homeowners and property owners keep their properties and restructure their finances to avoid foreclosure in the future. We have a vast array of resources available to dedicate to your case and find the best possible solution for you.
Our experienced foreclosure attorneys will review your case specifically and help determine which of the below is the right option for you in order to avoid foreclosure:
Lender Negotiations
One of the major ways to avoid foreclosure is to hire a law firm that specializes in foreclosures, and then the attorneys will negotiate with your lenders. Here, they can negotiate new loan terms that will benefit you and help you keep the rights to your property while continuing to pay off your loans.
Mortgage Modifications
This is one of the first steps that our skilled foreclosure attorneys will look into taking. By modifying your mortgage, you will be able to adjust the terms so that it fits your financial picture better. Some of the ways in which a mortgage can be modified include: lowering monthly payments; extending a timeline for repayment; placing a temporary pause on payments; reducing interest rates; eliminating late fees; and, much more.
Bankruptcy
Another option that may be an ideal solution for those facing foreclosure is to file under a chapter of bankruptcy, such as Chapter 7 or Chapter 13.
Loan Withdrawal
Another option that may result in avoiding foreclosure is to apply for a loan withdrawal. You may be able to agree on a lump-sum payment with your lenders in exchange of a dismissal of the remaining loan payments due.
File a Complaint about Missing Documents or Materials
If your lenders or creditors accidentally misplace or forget to file critical documents or materials when applying for foreclosure, it is possible for your foreclosure case to be dismissed.
Filing for Potential Fraud
There are instances where lenders or creditors are found to commit acts of fraud, which can lead to a total dismissal of a foreclosure filing. There is a range of fraudulent acts that can lead to the discharge of a foreclosure filing including unattainable interest rates, loan flipping, frequent refinancing that negatively affects the borrower, and more.
Contact Our Kendall Foreclosure Attorneys Today
If you are at risk of losing your home or property, it’s important to be proactive and contact an experienced foreclosure law firm as quickly as possible to review the options available to you.
Contact us and speak with our team of Kendall foreclosure attorneys at 957-523-HELP (4357) today.
