· Short sale· Loan modification· Filing for bankruptcy· Deed in lieu· Strategic default with or without waiver of deficiency balance
I can give you information about your foreclosure options. I will advise you of your options and give you an accurate, honest assessment of your legal rights and available choices.
I can provide you with valuable information about foreclosure, including the alternatives and ramifications of foreclosure, the foreclosure process, and how to fight foreclosure. If you are considering walking away from your mortgage, either because you can no longer afford to pay your mortgage payments or because it no longer makes financial sense for you to continue paying on a mortgage when you owe more than the property is worth, we will explain the benefits and risks to you. I will give you the information you need to make an informed decision about your financial future.
I know how disconcerting it can be when you can no longer pay your bills and are facing a foreclosure. Before I ever thought about entering the legal field, I suffered a loss of a job which led to my home being foreclosed upon. I didn’t know there were options available to me and lost my home. But my family recovered from this loss, we were able to move on with our lives, and we were able to buy another home. When I work with clients, I make sure they understand their rights, and provide personalized service when addressing their debt problems.
Ohio homeowners can obtain up to $35,000 of help assistance through Save the Dream Ohio. The Ohio Housing Finance Agency has started accepting applications from homeowners. The state obtained $25 million from the U.S. Department of the Treasury’s Hardest Hit Fund to reopen the program.
Save the Dream Ohio works with approved housing counseling agencies to help homeowners avoid foreclosure by reinstating the homeowner’s mortgage and providing up to nine months of ongoing mortgage payments.
Many homeowners feel that since they borrowed the money, the mortgage company can take their house. This is not always the case. What most people don't know is that there is and was a systematic and broad based fraud committed against the homeowners by mortgage brokers and lenders. In many cases, lenders authorized illegal fees on behalf of brokers. In other cases, lenders encouraged brokers to falsify documents, used "robo-signers" whose only job was to sign hundred, if not thousands, of documents attesting to authenticity of documents that they never ever reviewed, and putting homeowners into loan products that were entirely unsuitable for them. If these circumstances exist, the homeowner is in a different position and has a defense to foreclosure. In addition if the lender violated the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) there may be a right of rescission.
Today there are new protections available to homeowners from the Consumer Financial Protection Bureau (CFPB). The new mortgage servicing rules ensure borrowers get a fair process from their mortgage servicer to avoid foreclosure. The new rules require most of the mortgage servicers work with borrowers to explore options for loss mitigation. The new protections include:
Mortgage borrowers must be provided clear and timely information about their mortgages, including: