When you are facing foreclosure, there are different options you can choose to cure the default and save your home from being sold in a sheriff’s sale. You can reinstate the loan, apply for a loan modification, file a Chapter 13 bankruptcy, refinance the home, or pay the home off. In some cases, the home is underwater, and you may just want out. In those instances, you may be able to consent to judgment in exchange for a waiver of deficiency. You might also be able to do a deed in lieu.
There are many companies that claim they can help you get a loan modification. But it’s important to understand that no law requires a lender to grant a modification. If you hire a foreclosure rescue company, they may assist with the application process, but if they’re not attorneys, they can’t appear in court, file an answer, or defend the lawsuit. That means your home could still be sold while paperwork is being processed.
Any company that guarantees you’ll get a loan modification should not be trusted. Every loan has an investor with unique and confidential guidelines that determine approval. No one can “plug in the numbers” and guarantee success ahead of time. If a company is making bold promises just to get you to sign up, run.
Only a foreclosure defense attorney is qualified to handle both the legal and modification aspects of your case. But not all attorneys are created equal.
Why Choose Cozmyk Law Offices, LLC
The first home I ever bought was lost to foreclosure. I’ve seen family members go through it, too. The idea that people facing foreclosure are irresponsible couldn’t be further from the truth. Sometimes life takes unexpected turns—even for those who do everything right.
At Cozmyk Law Offices, LLC, we believe in treating our clients with dignity and compassion. We understand what you’re going through, and we’re committed to helping you navigate this difficult time with professionalism and care.
While we can’t guarantee a loan modification, we can promise to represent you with integrity and fight for the best possible outcome. Call 216-452-9145 for a free case evaluation in Ohio.
