Foreclosure Defense Hartford CT
If you are a Connecticut homeowner facing foreclosure on your home, you may be hoping to find a way to stop the lender from taking your home. A lawyer who specializes in foreclosure defense in Hartford, CT from The Law Offices of Ronald I. Chorches has legal options that may be able to help in your situation.
Many people who are facing foreclosure think a good foreclosure defense in Hartford, CT is to sell their home quickly. But there are some factors that should be considered for any homeowner considering this option:
You Owe Thousands
- Concern: You were considering filing for bankruptcy, but you owe thousands on your mortgage and think that even with a bankruptcy filing, you will never be able to get caught up.
- Truth: Filing for bankruptcy allows you to come up with a repayment plan that allows you to pay off your past-due mortgage over three to five years.
You Also Owe a Second Mortgage
- Concern: You not only owe a first mortgage on the home, but you also owe a second mortgage. There is no way you can afford to pay both off.
- Truth: Filing for bankruptcy may allow you to not have to catch up or pay the second mortgage, allowing you to get caught up on the first mortgage and also your other debts.
Using Bankruptcy as a Foreclosure Defense in Hartford, CT
When a homeowner files for bankruptcy, there is an automatic stay put in place on all attempts at debt collection, including any foreclosure action a lender may have started against the homeowner. A Chapter 7 or Chapter 13 can help the homeowner keep their home or sell it if that’s what would benefit the homeowner more. As a Hartford, CT foreclosure defense lawyer can explain, there are a variety of “tools” that a bankruptcy lawyer can use to help a homeowner either keep their home or buy time before they need to sell the property.
If the homeowner has a second mortgage or even a third, filing bankruptcy may be able to help the owner avoid paying the majority of one or both of these “extra” mortgages. This frees up the equity in the home for the benefit of the owner. If there is any type of tax lien or the owner is behind in property taxes, bankruptcy may also be able to allow the owner a solid foreclosure defense.
Call a Hartford, CT Foreclosure Defense Lawyer for Help
While each foreclosure case is different, there are many options a homeowner may have to save their home or their equity. If you would like to meet with a lawyer who specializes in foreclosure defense Hartford, CT families trust, call The Law Offices of Ronald I. Chorches to schedule a free and confidential consultation and find out what legal options you may have.
Facing Foreclosure? Take These Steps
Facing the possibility of foreclosure is a frightening position to be in. Your home is your most prized investment. It is a vehicle for wealth and provides security for your family. Holding on to it is imperative, so you need to develop a solid Foreclosure Defense in Hartford, CT. There are a number of things you can do, but working with an experienced attorney from the Law Offices of Ronald I. Chorches can greatly increase your chances of success. Fighting a potential foreclosure can be complicated. You need all the help you can get. If you find yourself in this situation, you might consider this course of action.
Talk to Your Lender
The first step to Foreclosure Defense in Hartford, CT is calling your mortgage lender. You need to have an understanding of the situation in order to move forward. Speaking with your lender gives you the opportunity to negotiate. If you are experiencing financial difficulties, it is important to let them know as soon as possible. You may find that they are willing to work with you. Talking with your lender could reveal a handful of options to you. These include:
- Mortgage Forbearance
- Refinancing or Loan Modifications
- Partial Loan Claim
- Advance Loan Claim
Each of these recourses will allow you to hold on to your home while you work to get current on your payments.
Bankruptcy
Bankruptcy is not a welcome prospect, but it can be used to fight foreclosure. Should your conversations with your mortgage lenders prove unproductive, bankruptcy may allow you to satisfy your creditor without losing your home. This can happen by liquidating other assets to save your home, or by entering into a payment plan that is supervised by a court-appointed trustee.
Talk to a Lawyer
When it comes to foreclosure, there is a lot at stake. It is unwise to embark upon this journey alone. Working with an attorney from the Law Offices of Ronald I. Chorches will equip you with the knowledge and experience necessary to put up a fight for your home. They can advise you on ways to satisfy your creditors, develop a bankruptcy strategy, or fight for you in court if need be. In terms of your finances and your happiness, your home is the most important investment you will ever make. You need to protect it. Calling an attorney to help you do so is far too important to wait.
Foreclosure FAQs
If you are facing a foreclosure, you likely have many questions and concerns. As leading lawyers for foreclosure defense in Hartford, CT, we recieve calls everyday from people who want to know more about foreclosures. The following are some of the most frequently asked questions:
What happens once the lender files for foreclosure?
When the lender files for foreclosure, you should know this is only the beginning of the process. As the action proceeds, many things will likely take place. As a law firm for foreclosure defense Hartford, CT residents should speak with a lawyer to understand what to expect.
What is a short sale?
A short sale is a type of sale in which the lender will accept less than the amount that is owed so as to sell the home. This is a common strategy used for borrowers who may have to leave their home. It is recommended to have a foreclosure defense lawyer to protect your borrowers rights.
What is the Foreclosure Process?
Each state has its own foreclosure process. The following is a general overview. In Connecticut, lenders are required to file a lawsuit before they can foreclosure on a property.
- Missed Mortgage Payment – If you have missed a mortgage payment, you may be asked to pay a late fee. If you fail to pay the fee within a period of time, and do not pay the mortgage, your lender may begin to take the necessary steps towards filing for foreclosure. This is typically around the 36-45 day mark.
- Letters of Demand – Once the delinquency period has gone by, you may receive a demand letter. This document will ask you to pay the full amount due on the loan, or the balance due within 30 days.
- Summons and Complaint for Foreclosure – Typically, at the 90 day mark, following the missed payment, your lender may proceed with filing a Complaint for Foreclosure. Once filed, you will receive a notification and summons from the Court Clerk.
- Your Response – If you have received a complaint for foreclosure, you will have about 28 days to respond. If you fail to do so, your lender can proceed in getting a judgement against you. In general, it may be useful to consult a lawyer for foreclosure defense in Hartford, CT.
What To Ask a Foreclosure Defense Lawyer
What Is Your Foreclosure Defense Approach?
As you interview attorneys for foreclosure defense in Hartford, CT, you need to understand their approach. They need to do everything they can to help you keep your home, so they should have several strategies. For example, some attorneys move right to bankruptcy, which protects your home from foreclosure, but it has very specific conditions. Other attorneys may help you get your mortgage loan modified, reducing your interest and extending your loan so that your payments are more reasonable. If you are willing to give up your home but you don’t want your credit adversely affected, your attorney may suggest that you present a short sale idea to the bank.
What Is Your Foreclosure Defense Court Experience?
Although litigation is not always the best option in foreclosure cases, you want to be sure that your foreclosure defense in Hartford, CT has the experience to make your case in court. This is especially important if you are a victim of fraud or improper fees.
Filing for bankruptcy, which is a task frequently used to prevent foreclosure, is vastly different than litigating a foreclosure case in court. Therefore, you need to be sure that your attorneys understand the litigation process and have the skills and knowledge to defend you against big mortgage companies. A high-quality law firm, such as the Law Offices of Ronald I. Chorches, should have the experience necessary to ensure that your case is the strongest it can be.
What Is Your Education in Foreclosures?
Not only does your foreclosure defense in Hartford, CT need to have extensive experience, but these professionals also need to have specialized education in foreclosures. In addition, because these laws change frequently, your attorney needs to remain updated. Therefore, discuss the firm’s seminar or class attendance. Be sure that your prospective attorneys have recently updated their foreclosure knowledge.
What Communication Should I Expect?
Foreclosure cases can take months to solve. However, you should get regular updates. Some clients complain that their firms never contact them, or if they do, they only speak with a paralegal or associate rather than their actual lawyer. This can cause anxiety. In addition, it may suggest that your case isn’t being worked on as diligently as it should be. A reputable firm, such as the Law Offices of Ronald I. Chorches, understands the importance of open communication with its clients. Therefore, these attorneys will share their communication plans with you and listen to your communication requests.
What Are Some Foreclosure Defense Actions?
Finding out your home is being foreclosed on can be devastating. It is possible to defeat a foreclosure lawsuit. As a law firm for foreclosure defense in Hartford, CT, we, at The Law Offices of Ronald I. Chorches are often able to identify mistakes that are made by lenders. Examples of mistakes that we may use in our defense include:
- The Mortgage Service Made an Error – Most banks will hire a mortgage service to take care of any billing logistics associated with home loans. In the event that the company fails to process your payments, loses your information, imposes impractical fees, or makes other clerical mistakes, you may be able to defeat the claim of foreclosure.
- The Bank Cannot Prove They Own the Mortgage – Before a bank can foreclose on any home, they must prove they own the mortgage. Because many mortgages have been bought and sold several times, it can be difficult to prove who the owner is. This defense has been a very powerful one for many homeowners.
- State Procedures Were Not Followed – Large financial institutions own most mortgages. Because they may hold thousands of mortgages at any time, these institutions become vulnerable to mistakes and poor procedural work. If this happened, and you hire foreclosure defense in Hartford, CT, your case may be dismissed.
You may have the right to save your home. Call a lawyer for foreclosure defense in Hartford, CT now to learn more.
We also service clients from Bridgeport, Waterbury, and New Haven.