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Foreclosure Issues

Foreclosures happen when a lender or other lien holder takes ownership of a property because the property owner has failed to make regular payments to their lender in a timely manner, and other attempts to acquire the past payments have failed. A lien holder is an organization or individual that has the prerogative to take possession of the property for payment on a debt.

Are you or a loved one facing foreclosure? Are you contemplating a foreclosure purchase? Our lawyers can help! Contact our real estate attorneys today for more information.

Our foreclosure attorneys can offer legal assistance with some of the following issues:

• Consumer Real Estate Foreclosures
• Personal vs. Property Foreclosures
• Junior or Second Mortgages in Foreclosures           
• Real Estate Foreclosures and Redemption
• Tenants, Rentals and Foreclosures
• Foreclosure and Your Personal Property
• Property Damage and Liability in Foreclosure
• Real Estate Deficiency Judgments
• Tax Consequences for Home Foreclosures
• Non-judicial Foreclosures
• Judicial Foreclosures
  

A lawyer who specializes in foreclosures will not only represent you during the foreclosure procedure, but will also work with your lender alone or with the assistance of a certified housing counselor to seek out a possible substitute to foreclosure.

When a lender takes over a property home through foreclosure, the lender typically wants to sell the property as quickly as possible instead of facing the expenses that come with the upkeep, maintenance and security. Potential homebuyers often find themselves attracted to the many benefits that a foreclosure can offer. However, it is important to know that the purchase of a foreclosure can be complex and various legal issues can arise. If you are considering the purchase of a foreclosure, it is essential to have a lawyer look over all documents and paperwork before the purchase is finalized so that you know everything you are getting into. For example, the home may have liens on it or require thousands of dollars worth of repairs before it is considered to be in livable condition.

Are you or a loved one facing the possibility of a foreclosure? Are you considering a foreclosure purchase? Our attorneys can help! Contact our real estate lawyers today for more information.