We have locations available by appointment in the following areas. Please call us to speak to an attorney and set up an initial meeting.
There is no easy way to learn that your home is being foreclosed on. After months or even years of making your payments, receiving notice from your lender that they intend to force you from your home can be devastating. You may have options to fight the process and potentially keep the property in your name.
Seeking the guidance of a compassionate attorney may help secure your future. A misstep while fighting the forced sale of your property could put the chance of you remaining in your home at risk. Instead of handling the process yourself, discuss your options with a Warren foreclosure defense lawyer.
When facing foreclosure, it is important that you understand your rights. Michigan law requires lenders to follow strict procedures before they can sell a home at a foreclosure auction. They must provide proper notice of default, publish sale information, and mail notice directly to the homeowner. If a lender fails to comply with these requirements, a Warren attorney can challenge the foreclosure sale of your property.
Foreclosure sales are also subject to a redemption period. Depending on your situation, you may have six months to a year to redeem your property by paying the full amount you owe, including interest and fees. If you make the payment before the redemption period ends, you are entitled to reverse the sale and retake ownership of your home.
Foreclosure of your property can leave you feeling helpless, but you have several rights that we could help you to protect. Working with our team could give you the chance to keep your home or reduce your financial exposure following the sale of your property.
A Warren attorney could outline the different options available to defend against the foreclosure of your property. Some of the most common approaches include agreeing to a loan modification, negotiating a deed in lieu, and filing for bankruptcy.
Many lenders would prefer that you remain in your home and resume making payments instead of trying to sell the property to settle your debt. They therefore often agree to modify the terms of your loan. This could include lowering your interest rate or rolling delinquent payments into the backend of the loan. Modification is usually the best way to end the foreclosure process.
There are times when keeping your property is not an option. When negotiations for loan modifications break down, it might be in your best interest to negotiate a deed in lieu of foreclosure. This involves you signing over the property to your lender, often in exchange for them waiving any deficiency balance you owe.
You also have the option to immediately halt foreclosure proceedings by filing for bankruptcy. The automatic bankruptcy stay immediately halts the entire process. The stay will not last forever, but bankruptcy may give you time to catch up on your mortgage payments.
You might feel powerless after receiving notification of an impending foreclosure of your property, but there are options for fighting back. Working with a Warren foreclosure defense lawyer might allow you to keep your home and end the proceedings. Fill out our bankruptcy calculator today to find out more about your possible options.
We have locations available by appointment in the following areas. Please call us to speak to an attorney and set up an initial meeting.
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