Birmingham Foreclosure Defense Lawyer
With falling home prices a quickly rising trend across the nation, foreclosures have become more common than ever these days. In Alabama alone, there were close to 8,000 home foreclosure filings in 2007. This remarkable number could have been significantly reduced if the homeowners had been aware of the steps they could have taken to protect their property.
If you are a homeowner in danger of foreclosure, there are several options available to you. To learn more about how you can safeguard yourself, your family, and your home, contact Birmingham foreclosure defense lawyer Paula Greenway today at (205) 324-4000.
Protecting You and Your Home
By calling Birmingham foreclosure defense lawyer Paula Greenway, you can put a stop to your home foreclosure and reduce or eliminate your debt at the same time. Fortunately for those facing the loss of their home due to debt and/or an inability to make mortgage payments, there are several options that can potentially allow a family to keep their home.
One way a person can work to prevent a foreclosure on their home is to apply for a mortgage modification, which allows a borrower and lender to change the agreement to better suit the needs of the borrower. Typically this is done by reducing each mortgage payment amount, reducing the interest on the mortgage, and reducing late fees, among other options. While this is an ideal way to prevent foreclosure and keep your home, many borrowers may reject a person’s mortgage modification application, causing them to seek other options. In such a case, you may need legal help seeking other options for:
In such a situation, filing for bankruptcy may be an alternative option for keeping your home. Through protections such as exemptions, repayment plans, and automatic stays, a person and their bankruptcy lawyer can work to protect the debtor’s home from foreclosure. This can be a complex process, however. Thus, the help of a qualified attorney can be extremely beneficial in getting the financial support you need and protecting your home.
Frequently Asked Questions
Greenway Bankruptcy Law, LLC has been helping individuals with foreclosure defense issues for years. Attorney Paula Coleman Greenway is an expert foreclosure defense attorney, and she is here to help you protect your home. Her experience and knowledge of bankruptcy law, particularly when it comes to foreclosure issues, is unmatched. You need her experience and knowledge on your side to ensure that you and your home are fairly protected from foreclosure. Below we have included a few frequently asked questions and their answers regarding foreclosure defense for your review. Do not hesitate to call us at (205) 324-4000 or contact us through our website if you have any further questions or need more information.
What is foreclosure?
When debts pile up, it can be very difficult to make your mortgage payments. If you have been unable to make payments for a certain amount of time, your bank or lender may then try to take your home. This is what is known as foreclosure. At the start of the process, the bank must first give you notice of foreclosure before the foreclosure proceedings can begin.
What do I do if I receive a notice of foreclosure?
If your home is subject to foreclosure, you are not helpless. It is possible to keep your home, but to ensure you do not lose your property, you need a skilled foreclosure defense attorney on your side. Once you receive the notice of foreclosure, it is important that you contact Greenway Bankruptcy Law, LLC as quickly as possible. The notice has a certain time limit for your response, and you need Attorney Greenway’s skill and experience on your side so you have the best chance to keep your home. For help with the foreclosure, please call Greenway Bankruptcy Law, LLC today at (205) 324-4000 to ensure the best possible outcome.
How can I save my home from foreclosure?
You may be qualified to directly attack the foreclosure on your home with legal action. For instance, with the help of an experienced foreclosure attorney, you may be able to halt the foreclosure sale before it occurs, or you may even be able to set aside the foreclosure of your home after it occurs. In order to do so, you’ll need an experienced eye to find and utilize any circumstances that make the foreclosure process void and unenforceable. The law requires that the bank or other lender undergo certain steps in the foreclosure process. If they make any errors during this process, your home may be protected.
If you want to protect your home, it is important to have an attorney that knows the law that governs the process of a foreclosure action. Attorney Greenway is knowledgeable when it comes to the law controlling the process of foreclosure.
What are common reasons that render a foreclosure void?
At Greenway Bankruptcy Law, LLC, we have seen foreclosure sales rendered void for the following reasons:
The foreclosing entity lacked the power to assert foreclosure
The debt secured by the mortgage was fully paid
The foreclosing entity failed to give notice of the time and place of foreclosure
It is not easy to determine when a foreclosure can be rendered void by mitigating circumstances. You need a skilled bankruptcy attorney on your side that knows when and how a lender may improperly handle the foreclosure process. Their mistake can save your home.
If you are facing foreclosure, then there are options available to protect you and your home. Contact Birmingham foreclosure defense lawyer Paula Greenway today at (205) 324-4000 to speak with her about your situation.