Foreclosure Lawyers

Foreclosure is the legal procedure used by a lender to sell real estate in order to pay off the mortgage when the homeowner has defaulted on the loan obligation. Receiving a notice that your home is about to be foreclosed upon is often an incredibly overwhelming and stressful situation. Homeowners fear losing their homes and often don't believe anything can be done. However, there are ways a homeowner may be able to avoid foreclosure. You may be able to remedy the default by working with your lender on a solution, including loan modification and affordable refinancing . A foreclosure attorney can advise you what options are available, given your particular situation.

Foreclosure Lawyers By State

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Frequently Asked Questions

What is the Homeowner Affordability and Stability Plan?
Congress recently passed the Homeowner Affordability and Stability Plan (“the Plan”), which provides various options for homeowners who are feeling the pressure of their monthly … more
How do creditors get paid when foreclosing on a house to satisfy unpaid debts?
A foreclosure is where the creditor collects its lien by forcing a sale of the debtor's real property. The creditor receives the amount of the proceeds from the sale equal to the unpaid debt plus … more
What is a loan modification, and how will it help me with my mortgage?
A loan modification occurs when a homeowner enters into an agreement with his or her mortgage loan servicer to change the terms of the mortgage. The goal of a loan modification is to … more
When and why does foreclosure begin?
Lenders will initiate foreclosure proceedings when homeowners become delinquent in their mortgage obligations, usually after three payments are missed. The lender will then notify the buyer in … more
How long does it take to get a loan modification?
The length of time that it takes to get a loan modification depends greatly on how long it takes your mortgage holder to process your loan modification, as well as how long it takes you to … more

Legal Articles

Different Types of Foreclosure
Foreclosure is an event that most homeowners want to avoid. In essence, all foreclosures involve a lender taking back property that secured a loan when the borrower has failed to make regular payments on that loan. However, not all foreclosures are the same. If you, like many Americans, are having trouble making your mortgage payments then it is important that you understand the … more
Bankruptcy or Foreclosure?
Tough times require people to make difficult choices. The loss of a job, an economy that is in recession, rising fuel prices, an illness or an injury can all cause people to have a difficult time paying their bills. Sadly, some hardworking and well meaning people are forced to make the choice between having their home foreclosed or filing bankruptcy. There is no easy answer and … more

Foreclosure Lawyers