In order to stop foreclosure sale of your property, you must be willing to work with a real estate attorney who specializes in loan modification negotiation.
If you've reached the point in this process where a foreclosure sale date has been set for your property, there is little outside of filing for bankruptcy that you can do to avoid the sale, unless you hire legal representation. A lawyer can file an injunction with the courts which will cause a temporary hold on any further action against your property. An attorney will be able to start negotiation with your lender, and keep the judge satisfied knowing your trying to work out some type of agreement.
Chapter 13 Bankruptcy Attorney, Colorado Bankruptcy Lawyer, Tucson Bankruptcy Attorney,
You should be aware that to stop foreclosure sale, it will cost a premium based on how soon the sale date of your property is. This is why it's so important to be proactive and not allow the process to get to a point where a date has been set.
Your lender will do whatever it can to expedite this process, and finalize all necessary documents, so contacting them at this point is useless. The only way to stop foreclosure sale of your property is to find the services of an attorney who is experienced in these type of negotiations. It's not good enough to simply work with an attorney who will try to defend you.
At bare minimum a lawyer will be able to get any back-payments, penalties, and interest reworked into the loan so you can continue to make your regular payments. Many times homeowners fall behind on payments and lenders make it nearly impossible to ever catch back up when they factor in all the penalties associated with missing one or more payments.
In the best case scenario, a loan modification attorney will be able to reduce your interest rate to a level that reflects your current income levels. This will reduce your payment, and make the mortgage affordable based on the financial hardship that you've experienced.
So if your looking to stop foreclosure sale of your property it is highly recommended that you seek the help of an experienced real estate attorney who can negotiate on your behalf to prevent the bank from taking back your home.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
Rating of Christian Bankruptcy Attorney
Get Online Application at online Bankruptcy Lawyer.
0 comments:
Post a Comment