FORECLOSURE

You should know that defendants in a foreclosure suit have many rights and various options, which we can explore.

NEGOTIATE PAYMENT ARRANGEMENT:   My office may be able to negotiate a payment arrangement with a bank or mortgage company to obtain a forbearance or modification of your loan.

LITIGATE:  You have the right to try to litigate the foreclosure.  A foreclosure defense attorney can review the facts of your case and make a determination if the lender has made a legal mistake or violated certain Federal laws.

WORK OUT PROGRAM:  You may decide that a Chapter 13 Bankruptcy is in your best interest.  The Chapter 13 Bankruptcy, which you may qualify for under certain circumstances, can offer a Court-ordered workout program.  Under the Chapter 13 Bankruptcy you often can pay the back payments in installments.  I must warn you that a Chapter 13 Bankruptcy will affect your credit but might be the solution to save your home.

CHOOSE TO SELL:  My office may be able to extend the time available before a foreclosure so you can protect your equity if you choose to sell your home.