Facing a foreclosure is a stressful and emotional experience for any homeowner. For a lot of people, understanding the impact of a foreclosure sale on bankruptcy brings up a possible solution to dealing with their debts and financial instability. But is it too late to file for bankruptcy once the sale is done? Understanding the [...]
If you’re struggling with mortgage payments and facing the possibility of foreclosure in Ohio, understanding Chapter 13 and Chapter 7 bankruptcy and foreclosure is important for making informed decisions about your financial future. Both offer options that address foreclosure, but the benefits and consequences are different, as are their processes. Chapter 7 Bankruptcy and Foreclosure [...]
Working through the process of foreclosure can be both challenging and overwhelming, especially when you’re faced with the uncertainty of how long the entire process will take. For homeowners, an overview of the Ohio foreclosure timeline is helpful for making informed decisions and finding the right legal help. Ohio Foreclosure Timeline Ohio is a judicial [...]
When you see a foreclosure notice in the mail, it can be a stressful experience. For many people, it feels like they’re being pushed into a maze of legal jargon and an unfamiliar language. Understanding common legal terms in foreclosure notices is the first step to effectively addressing the situation. Breaking Down the Sections of [...]
Foreclosure can be a daunting process to face. Many homeowners in Ohio wonder what can be done to stop or reverse a foreclosure once it’s initiated. In some cases, filing for bankruptcy can potentially be an effective move for a property owner facing foreclosure, due to the automatic stay involved with bankruptcies. Understanding the automatic [...]
If you are facing foreclosure in Ohio, you may be surprised to learn that you have various tools and options available to you to resolve your situation. One of these tools is loan modification, which can ultimately lead to a more serviceable payment plan. However, understanding the first foreclosure notice (lis pendens) and when loan [...]
The first foreclosure notice is not the end of a mortgage story, by any means, in Ohio. This notice is only a step in a process that doesn’t necessarily end with someone losing their property. For Ohio homeowners, understanding the first notice (lis pendens) is crucial to exploring your options for handling the situation and [...]
Mortgage problems can impact your life in a range of ways, and solving them can be a daunting challenge. For some in facing financial difficulty in Ohio, Chapter 13 bankruptcy may be a solid answer to financial troubles. However, before filing, understanding Chapter 13 bankruptcy is crucial to the success of the process. If you [...]
Receiving anything from a mortgage lender that mentions the words “foreclosure” or “legal action” can be overwhelming. As soon as they read those words, many people have trouble understanding the rest of the notice. However, receiving a first notice from your mortgage lender does not mean you will automatically lose your home. It also doesn’t [...]
Few things feel as stressful as losing your home to foreclosure. However, if you’re like most homeowners, you aren’t aware of the rights you may have during the process. Here’s an overview of foreclosure in Ohio and a look at some of the main laws that defend your rights. You might have more power in [...]
No one buys a home with the intention of losing it to foreclosure. And if you think your lender is about to foreclose, it’s easy to make the mistake of thinking you have no power in the situation. However, you almost always have options — and one of those options is foreclosure mediation. If you’re [...]
Are you facing foreclosure? Do you think you may be in the near future? You don’t have to be resigned to the lender’s repossessing your home. A strong foreclosure defense might be able to help you keep your home, but often, this area of the law is more complex than it seems. When other foreclosure [...]
Facing foreclosure is one of the most stressful situations for a homeowner. Unfortunately, navigating a path forward in the face of foreclosure can be extremely difficult to achieve, especially if you don’t have an experienced foreclosure defense attorney on your side. If your home is at risk of foreclosure, you should be aware of five [...]
If you received financial relief through the federal government’s Covid mortgage forbearance program and it hasn’t already ended for you, it will soon. The CARES Act provided a mortgage payment forbearance option for all borrowers who, either directly or indirectly, suffer a financial hardship due to the coronavirus (COVID-19) national emergency. A forbearance is a [...]
