The Law Offices of Neil Crane has been providing care, solutions and guidance on debt since 1983. Call our office or submit a chat form today.
Chapter 11 bankruptcy provides court-ordered debt relief and financial restructuring for businesses and individuals under the Bankruptcy Code. Chapter 11 bankruptcy has saved many Connecticut businesses from closing their doors.
The short answer is yes, absolutely. All bank mortgages require the borrower to pay all costs and fees of collection. So you pay for the lawyers who are taking your home from you and your family. This includes interest, late fee’s, sheriff’s costs, inspections, appraisals, mailings, court fees and all types of other hidden fees and costs. Stop paying the bank’s attorney and get counsel that works for you.
They are large offices that specialize in processing thousands of foreclosures in CT each year through a bulk, streamlined process that focuses on moving foreclosures promptly based on profits and fees. These foreclosure firms moved cases in bulk with the least possible time and effort expended in an effort to increase profits and take your home. The two major mills in Connecticut are Hunt, Liebert, Jacobson, P. C. and Bendett and McHugh, P.C. These two multi-state foreclosure factories control the majority of all foreclosures in Connecticut.
Re-modification is a painful and difficult process for a number of reasons, and should be avoided at all costs. Seek professional assistance for legal alternatives available to avoid remodification. Fixing a mortgage modification through other alternatives is a much better choice than seeking to remodify, for a number of reasons:
1. Re-modification often involves a completely new modification application and an incredibly slow and laborious process even if you still have the same bank.
2. No bank likes to remodify a mortgage that they’ve already fixed once before.
3. Re-modification is an exceedingly slow process that creates large back balances and past due arrearages.
4. Mortgages change hands so often that re-modification often involves an entirely new bank or servicer.
Various state and federal laws protect defaulted mortgages and reinstate good modifications. We’ve fixed hundreds of broken Connecticut mortgage modifications.
There really is no advantage to paying on a second mortgage if you aren’t paying on the first mortgage. But you always need to be sure that you are saving the money you didn’t pay to the second mortgage or the first mortgage holder.
Read more about which mortgage to pay during Mortgage Modification.
Personal liability for defaulted secured debt is a major reason why you need to have an experienced bankruptcy and foreclosure defense lawyer on your side. Deficiency judgments are the amount still due to the bank after the loss of your home. Smart legal counsel can make certain that your future is legally protected from deficiency judgments. This is especially true if you are, like most Connecticut homeowners, “underwater” on your mortgage. Our informed legal advocates know when to protect your future from the disastrous results of deficiency judgments. We provide you with sound strategies to have success in dealing with any foreclosure, mortgage modification, short sale and/or bankruptcy process.
“My experience was a very positive one. Dealing with Neil Crane and his staff was the best decision that I could have made. Neil has helped me get back on a solid financial path. My case was a tough one and the Neil Crane Law Firm was the best Law Firm I could have chose.
Thanks for all the help. Now I can put all my bad choices behind me and move forward in my life.”
Mark Linhard
