Oakland County Foreclosure Defense Lawyers
Most people in financial peril recognize the loss of a home as the final stage in a long economic nightmare. Fortunately, homeowners still have legal options. If you have received a notice of foreclosure, contact an experienced lawyer as soon as possible. We can thoroughly investigate your situation and provide information regarding your options.
It is not uncommon for individuals to attempt to work with a lending institution to obtain mortgage assistance when going through financial hardship. Unfortunately, this method of avoiding foreclosure is not always effective. It is crucial to have the knowledgeable Oakland County foreclosure defense attorneys at Ryan B. Stearn P.C. on your side. While the bank might not always see a loan modification as a beneficial resolution, we can directly work with the lender to arrive at a compromise. Failing that, we will aggressively defend our clients through all stages of the legal process.
Novi Loan Modifications Attorney
Whether you are in danger of losing your primary residence or a vacation home such as a summer cottage or cabin, we encourage you to schedule a free consultation with an attorney to discuss your situation. Our firm will examine your real estate and financial situation to find the best possible solution, including:
- Short sale: Many lending institutions will agree to accept a lesser payoff of the mortgage loan, and release the homeowner from any further financial liability on the loan.
- Deed in lieu of foreclosure: Many lending institutions will agree to accept a deed to the property in lieu of foreclosure.
- Loan modification: Many lending institutions will agree to modify the terms of the mortgage loan to reduce the homeowner’s monthly payment and provide him or her an opportunity to become current on the loan and save the home from foreclosure.
- Cash for keys: Many lending institutions will pay the homeowner for possession of the property and release the homeowner from any further financial liability under the loan.
It is important to act quickly. Your lender has already taken steps to protect their investment; you need the same type of tenacity on your side.
If you are facing legal issues in your personal or professional life, it is wise to contact an attorney as soon as possible. We can carefully evaluate your issue and provide legal advice and representation no matter how complex your dilemma.
Contact Ryan B. Stearn P.C. Today!
