You can arrange a payment plan with the bank or mortgage company, also referred to as a loan modification agreement or forbearance. While there are credit counseling companies and renegotiation specialists who may offer to help you work out a bank payment, they are limited in their capabilities. The fact that a lawyer can litigate your foreclosure provides leverage at the negotiating table, which can help lead to settlement.
Legal errors on the part of the lender may allow you to litigate the foreclosure. An attorney can review your situation to advise you on the prospects of foreclosure litigation.
Under the bankruptcy code, you may qualify for chapter 13 bankruptcy. A court approved payment program allows you to pay the mortgage company over a three or five-year period.
In certain situations, you may qualify for help from public agencies or charitable foundations.
Through a free, no-obligation consultation, you can discuss your legal concerns with a partner of our firm. We look forward to answering your questions and seeing how we can meet your legal needs.
Call 954-476-2680 or contact us online today.