Are you facing a foreclosure of your property?
If so, contact us. We can help.
Are you facing a foreclosure of your property? Please contact us. We can help. Foreclosure is a national problem and, although there seems to be a positive shift in the real estate market, many people are still facing the potential loss of their home due to unemployment, illness, or other changes in financial circumstances. If you are behind on your mortgage payments, or if your mortgage lender has already filed a foreclosure action against you, don’t give up hope. How we help. Columbus foreclosure attorney Mina Nami Khorrami, can help by defending your foreclosure action, mediating an agreement with the mortgage lender, or exploring government-sponsored loss mitigation options. In some cases, we may also recommend a Chapter 13 bankruptcy as a way to save your home. If you no longer want to keep your home, but are concerned about the consequences of a foreclosure, we may be able to assist you with this problem as well.
Other Foreclosure Questions and Topics:
What are some of the alternatives to foreclosure?
The options outside of bankruptcy include a loan modification, a deed in lieu of foreclosure, or short sale.
Can you delay a foreclosure proceeding so that I have time to pay off my non-mortgage-related debts?
In Ohio, a foreclosure is a State proceeding that is separate from the bankruptcy process, and the foreclosure action has to be filed in the county where the real estate is located. In Ohio, a mortgage lender has to initiate the foreclosure proceeding in order to take back the real estate.
Is there Federal or government help out there when I owe more on my house than it’s worth?
There are programs here in Ohio where the clients might be able to qualify for a Government benefit that pays up to $25,000 of the mortgage, essentially bringing the account current. However, the latest information we have is that this program is no longer taking applications. There are other options available if the lender or mortgage servicer will agree.
What are the chances of a successful negotiation with the bank for a Short Sale?
It all depends on who the lender is and what kind of loan modification is being offered.