Foreclosure / Lender Representation

No lender wants to foreclose on a property owner. Foreclosure is a complex legal process in which a lender needs to repossess a property when the borrower fails to stay current on their mortgage payments. State laws vary, but after a property buyer misses a state-specific number of payments, the creditor can take possession of the property and sell it in a public auction to recoup the amount the buyer still owes on their mortgage. In most cases, a court must intervene at certain steps to ensure that the process is fair to both parties. These steps include: the pre-foreclosure process, including a letter that demands that the borrower make up the missing payments immediately, including late and legal fees, a notice of default, the public auction, and the post-foreclosure process, which might include eviction should the borrower refuse to vacate the property. It's essential for creditors to retain experienced legal advice during a foreclosure proceeding to avoid any snags. Our creditors’ rights attorneys have a wide range of experience helping lenders foreclose on properties. We stand at the ready to help you through your foreclosure process. To learn more about the process and how we can help, contact our office today.