Foreclosure Attorneys in Metro Detroit

• Negotiate a loan modification. This option is best in the early stages of your financial struggle. Lenders are much more likely to modify mortgages for a homeowner who is proactive and has not yet missed a payment. With our attorney as your dedicated advocate, you may be able to negotiate a mortgage modification such as a lowered interest rate, an extension of terms, a reduction of the principal, or a forbearance. The lender might even put your delinquent payments at the end of your payment plan, thereby curing the default.
• Raise a defense in court. Every state has a strict set of steps that mortgage lenders must follow before they can sell a person’s home and evict them from the property. Many people are surprised to learn that lenders frequently make mistakes, and our attorney’s job is to expose these mistakes and stop the foreclosure process entirely.
• File bankruptcy. All types of bankruptcy will trigger a court order called the automatic stay, which halts all collection actions — including foreclosure. Although the automatic stay lifts at the end of the case, bankruptcy can provide long-term relief because it allows debtors to catch up on payments, negotiate with their lenders, and otherwise resolve delinquencies. Chapter 13 is typically the most effective form of bankruptcy for distressed homeowners because it provides protection for three to five years.

No matter which strategy you choose, time is extremely limited. This is why we urge you to get in touch with us as soon as you believe you may default on your mortgage. The sooner you involve us, the more time we will have to utilize a high-powered defense strategy that will help you keep your home.