Mar 14, 2020 | Frequently Asked Questions About Foreclosure
There are laws to protect you from losing your home. Chapter 13 bankruptcy is a federal court procedure that stops foreclosure instantly and allows for repayment of your mortgage. This will immediately stop the state foreclosure process and allow you to repay past due payment amounts over a 3 to 5 year period, while also providing other forms of critical debt relief. Experienced and dedicated legal counsel is essential to a successful Chapter 13 filing, especially under the new Bankruptcy Laws. Read further to understand what legal options are available during foreclosure
Mar 14, 2020 | Frequently Asked Questions About Foreclosure
YES. Don’t rely on your bank or a government agency to save your home. Though they may make promises, most banks have no commitment to helping homeowners, and the government has failed to respond adequately to the foreclosure crisis. Without an experienced foreclosure defense attorney, you are risking your family home in a system that favors the banks and bank attorneys. Get legal advice. Read more in our Foreclosure: Can I save my home? article
Mar 14, 2020 | Frequently Asked Questions About Foreclosure
Not necessarily! Homes in foreclosure are able to be saved. Thousands of Connecticut residents behind on their mortgage payments save their homes through quick action and legal advice every year. There are laws for your protection. Chapter 13 Bankruptcy stops the foreclosure process and allows you to repay past due amounts over a 3 to 5 year period.
- Connecticut law offers mandatory mediation on nearly all house foreclosures. This allows homeowners to present their case for mortgage modification to the bank’s attorney at the courthouse.
- While foreclosure is extremely dangerous and stressful, it is also an opportunity for well-prepared homeowners to present their case for modification to the lender’s attorney. Prompt, experienced legal representation saves homes, and your quick response to a foreclosure can actually be a great opportunity to get proper help and save your family home.
Read more in our Foreclosure: Can I save my home? article
Mar 14, 2020 | Frequently Asked Questions About Foreclosure
Foreclosure is a state court process by which a bank repossesses your home through the use of a specialized foreclosure attorney in the local county court. Connecticut has instituted mandatory mediation in all residential foreclosure proceedings. Foreclosure mediation with experienced legal representation can be the best opportunity to modify your mortgage and save your home from foreclosure. Foreclosure mediation without your own attorney is unfair as mediators agree with banks in more than 95% of all foreclosures. Read more about the Foreclosure process in our What is the Foreclosure process?
