Real Estate / Property Owner / Lender Representation

Helping property owners and mortgage lenders recoup their losses

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Helping property owners and mortgage lenders recoup their losses

If you're a property owner or mortgage lender struggling to get a borrower to pay what they owe, our team of experienced creditors’ rights lawyers can steer you through the legal process to get your borrowers back on track with their payments through restructuring their loan or other procedures. Or, if that process fails, we can assist you in the eviction process. Either way, we'll go the extra mile to help you get relief. Take control of your rights as a creditor. Book your initial consultation today.

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What Are My Options as a Lender?

Most creditors start the collection process by contacting debtors to ask for payment. But if that fails, a creditors’ rights lawyer with experience in real estate can advise you about the next steps you can take. Real estate transactions are secured, giving lenders extra leverage since the borrower usually puts up the property itself to guarantee that they’ll make regular payments. If they fail to make their agreed-upon payments, the lender can take the property back in a foreclosure action if you and the debtor do not arrive at an alternative arrangement. Our creditors’ rights legal team can ensure that you’re following all the proper steps to give you the best chance of a positive outcome. To learn more about your options, get in touch with our office as soon as possible.

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What Alternatives Do I Have Besides Foreclosure?

Mortgage lenders have several options to help borrowers get back on track that don’t involve foreclosure. Refinancing the loan over a longer term can lower the borrowers' monthly payments, helping them catch up on what they owe, while you’ll benefit from more interest payments. If your borrowers have access to funds from family or friends, they can pay a lump sum to get caught up on back payments through the reinstatement process. Or, you could grant the borrower forbearance for a specific period, lowering or suspending payments if an emergency has prevented them from making regular payments.


Additionally, you could negotiate with the borrower to pursue a mortgage modification whereby you could extend the term of the loan to help them catch up. Finally, if the borrower is a senior citizen and they have significant equity in the property, they could also take out a reverse mortgage to help them to get current on their payments. Our legal team will assist you at every stage of the negotiation process to help you and your borrowers arrive at a just solution. Contact our office today to get started.

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