Information Regarding Foreclosure Prevention

When a homeowner defaults on mortgage payments, the lender or mortgage holder can take possession of the property from the home buyer. The mortgage holder can sell the property to recover the balance owed on the mortgage. The sale is usually done at auction and the proceeds of the sale are used to settle the debt. If the amount received at auction does not satisfy the debt, under some circumstances, the lender may demand the homeowner pay the remaining balance owed. Once the foreclosure process has begun, time is limited. If you are facing possible foreclosure, it is vital that you consult a knowledgeable attorney as quickly as possible to find out what options are open to you.

Financial Help You Deserve

Many families confronted by the prospect of losing their property to foreclosure are unaware that they may be able to stop the process and the advantages of doing so. See our "How can I save my home" page for more information. One common method is to file Chapter 13 bankruptcy which allows the homeowner time to catch up back payments. There are also a number of other options, such as negotiating a loan modification, litigation to address predatory lending and creditor misconduct, and short sale negotiation. A foreclosure prevention attorney at the Price Law Group has the experience you need to assist you in finding a solution. By studying your loan documents and analyzing your situation, we can assist you to develop a strategy to obtain a positive outcome.

An experienced lawyer at our firm has helped numerous distressed homeowners when foreclosure is threatened. Don't feel that you are on your own or that nothing can be done. We are here to explain your legal options so that you can decide how to proceed. It is urgent that you get legal advice quickly.