No one wants to lose their home because they can no longer afford to make payments on it. Of course, this can be devastating. However, this does not have to be the case. If an individual who can’t make mortgage payments decides to file for bankruptcy, they can save their home from going into foreclosure. A foreclosure will stop as soon as the bankruptcy is filed because of a provision known as the automatic stay.
If you are being sued by a mortgage lender, it is important to speak to an attorney. Our legal team can help answer the lender on your behalf and also serve a Notice of Appearance. In addition, we will help look for defenses that can help you keep your home. Not only that, we will prepare to answer any counterclaims that the lender tries to bring. There may be some situations where the lender that is suing you doesn’t even own your mortgage.
Our firm is prepared to help determine whether you can participate in a loan modification program that can require the bank to reduce your monthly payments and interest rate so the mortgage becomes affordable once again. If you are concerned about your mortgage or have received a letter from the lender about a lawsuit, contact our firm today. We are here to help.
If you require the services of an experienced Business Law or Bankruptcy attorney, contact the Law Offices of Allen A. Kolber, Esq.today to schedule a consultation and discuss your options.