Foreclosure Defense Lawyer Connecticut

Foreclosure Defense Lawyer Connecticut - House Keys, Stack of Money and Foreclosure Notice - Cash for Keys ProgramFacing a foreclosure can cause homeowners a lot of stress. Many Connecticut residents will want to do anything they can to prevent foreclosure. Not only can a foreclosure cause you to lose a home, but it can also have other unforeseen consequences like harming your credit. An impact on your credit can make paying the mortgage harder, getting a loan for a car harder, and cause you to pay higher interest rates. When facing foreclosure, a foreclosure defense lawyer in Connecticut from The Law Offices of Ronald I. Chorches can help.

How Our Lawyers Can Help

We have a team of experienced foreclosure defense lawyers in Connecticut that can provide many different services. When you work with our team, we can help you discuss options and determine what method is best for preventing foreclosure. 

Bankruptcy 

Although people sometimes get scared when they hear the term, “bankruptcy”, bankruptcy come be a powerful tool at your disposal when handled properly. An immediate benefit is the automatic stay which prevents lenders and their agents from trying to collect money from during the entire duration of the bankruptcy period. Bankruptcy can help save your home. At our law firm, we deal with both Chapter 7 and Chapter 13 bankruptcies. 

Chapter 7 Bankruptcy 

Bankruptcy can eliminate any debts attached to your home. This includes mortgage which can take a serious toll on homeowners. Chapter 7 bankruptcy also grants the possibility of having certain tax liabilities forgiven. These are losses that a lender takes on due to a homeowner’s default. 

Under a Chapter 7 Bankruptcy, there’s a chance that you might not be able to keep your home. Additionally, you may have to give up some of your possessions or assets to pay back part of the debt. However, when done properly, this form of bankruptcy may allow you to keep up to $75,000 in equity. 

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy will allow you to set up a payment plan which you can use as a method to pay off your debt. While you’ll need enough money to pay off both your debt and regular mortgage payments, Chapter 13 Bankruptcy can help you prevent second or even third mortgage payments. 

One drawback of this type of bankruptcy, however, is that the lender may file a motion to remove the automatic stay. If successful then the court can move forward in conducting the sale of your home. In this scenario, you may not have enough time to get all your matters into order. 

The best way to prevent a negative outcome when you’re facing foreclosure is to get in touch with our office immediately. By working with one of our lawyers you can postpone your foreclosure or prevent it entirely. Our team will give you the right legal defense and help you determine the best course of action. 

Different Things to Consider

Foreclosures don’t have to be faced alone. They are often complex and technical things with a lot of different details involved. That’s why turning to a foreclosure defense lawyer in Connecticut is so important. A lawyer specializing in this type of law from The Law Offices of Ronald I. Chorches can be the difference between keeping your home/property or losing it. There are many occurrences where an error has been made by a bank or entity providing a loan that can change the outcome of a foreclosure. These errors are generally found through different documentation or even from a lack of proper documents showing that a loan company or bank has made an error. Always ensure that proper documentation is provided from all different properties involved with the foreclosure process. It could be the difference between property loss and keeping your home. 

Fighting a Foreclosure

Along with errors made by different parties, there are also some other key ways to fight a foreclosure. If the loan company or bank hasn’t followed proper state law in the foreclosing process then it may be able to be declined. Your foreclosure defense lawyer in Connecticut can fill you in more on the details of this type of occurrence. Something else to know that is crucial is if the person being foreclosed on is a part of the military and on active duty status. There exist some special benefits for active military members that prohibit foreclosure during a certain period of time. Your legal counsel team from The Law Offices of Ronald I. Chorches can assist you with the statute of limitations and other timelines and details regarding this process. 

Other Ways of Challenging a Foreclosure

Finally, filing for chapter 13 bankruptcy may also be in the best interest of the person fighting foreclosure. When someone is going through difficult financial times and also facing a possible foreclosure, filing for bankruptcy may be able to help. This is because filing for a chapter 13 bankruptcy puts that person on a repayment plan to pay off their debts. They are not required to liquidate assets and oftentimes are able to keep the home as long as they come to an agreement with continuing to make payments on the home. 

Experienced Legal Counsel

Foreclosure defense lawyers from our firm have years of experience in helping clients who are facing foreclosure. We believe that we can help you or someone you know with the foreclosure process. It’s our goal to help you keep your home or property. Our knowledge, skills, and experience have helped many people navigate their way through foreclosure and have helped them find ways to keep their homes. Going through a foreclosure if you haven’t been through one before can be a difficult and complex process. The different details involved with the process as well as the statute of limitations can be tricky to understand. Contact us today to learn more about how we can help you keep your home and property. 

Contact Our Office Today

Dealing with a foreclosure can be extremely stressful. In addition to worrying about losing your home, a foreclosure can negatively impact your credit score. By working with one of our experienced foreclosure defense lawyers in Connecticut, you can help prevent the foreclosure process from occurring.