Finding a reliable lawyer to work with who can represent your company no matter what kind of legal issues it faces in the coming years can be ovrewhelming, especially if you aren't sure what kinds of legal support you may need as your business grows. This blog outlines a variety of legal issues to consider while building your company, so you now what kind of legal representation to keep on hand at all times. You can also expect to learn how to go about finding the right lawyer to work with in any unique situation that you might find yourself in.
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Finding the Right Legal Representation for Your Company
Find Out How A Foreclosure Attorney Can Help You Keep Your Home
Tracy Roberts
Have you recently be served with a notice from your mortgage lender identifying their intent to foreclose on your home? If so, it can be easy to quickly become overwhelmed and focus solely on the impending loss of your home. However, in many cases, acting quickly with the help of a qualified attorney, such as the Legal Clinic Of Jerry Paeth, can allow you to put a stop to these foreclosure procedures.
How Can A Foreclosure Attorney Help
There are several different approaches that a foreclosure attorney may take in order to put a stop to the foreclosing of your home. These approaches include:
- Filing for Chapter 7 bankruptcy - When filing for Chapter 7 bankruptcy, you will be able to eliminate many of your unsecured debts. While this will not have a direct impact on the past-due amount owed on your mortgage, it will free up more of your income to pay off this debt. In some cases, your attorney will be able to stop the foreclosure with a promise to pay after demonstrating the impact that your bankruptcy has had on your ability to pay.
- Filing for Chapter 13 bankruptcy - A Chapter 13 bankruptcy settlement allows you to restructure your debt so that it is more affordable. In many cases, this restructuring process will allow you to repay your past due mortgage payments over the course of several months or even years. However, in order for this approach to successfully end the foreclosure process, you will need to remain current on your mortgage payments once your bankruptcy case is settled.
- Challenging the foreclosure in court - If you believe that your mortgage lender does not have the right to foreclose on your property under the terms of your mortgage agreement, you can challenge their petition to the court.
- Negotiating new terms with your lender - In some cases, an attorney will be able to negotiate new terms with your lender that will allow you to prevent a foreclosure. For instance, if you were temporarily unable to pay due to an illness that kept you out of work, your attorney may ask for a loan modification that will add the past due amount to the end of your mortgage term so that you can resume making regular payments.
What If A Foreclosure Is Inevitable?
In some cases, all attempts to stop the foreclosure will fail. In these cases, a foreclosure attorney will often work to stall the foreclosure process so that you can enjoy as much time in your home as possible. This is most commonly done by either challenging the foreclosure in court, despite the belief that you will lose this case. Foreclosure attorneys may also choose to file a Chapter 13 bankruptcy petition to help delay the foreclosure process.
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