A recent survey revealed that about one million Americans fear facing the foreclosure process sometime soon. If you fall into this category, calling on a foreclosure lawyer in Ohio for help would be a great idea.
An experienced foreclosure lawyer can provide you with answers to the question, “How can a foreclosure process be temporarily stalled?” It might buy you just enough time to remedy your situation so that you don’t lose your house to foreclosure.
Learn how a foreclosure lawyer can slow down the foreclosure process below.
Seek a Loan Modification
The truth is that the majority of lenders don’t want to force the sale of a borrower’s home. They would prefer to work out a way for them to remain in their homes while catching up on mortgage payments they’ve missed. They sometimes have whole loss mitigation teams devoted to making this possible.
A foreclosure lawyer can lend a hand to borrowers who have fallen behind on mortgage payments. They can allow them to look into potentially securing a loan modification.
A loan modification can put you in a much better position to resume making a monthly mortgage payment by adjusting your repayment terms. A slightly lower monthly payment, for example, might work wonders for your ability to return to paying your mortgage on time every month.
Explore Bankruptcy Options
Bankruptcy is another option available to those wondering, “How can a foreclosure process be temporarily stalled?” You can bring the foreclosure process to a screeching halt by filing:
- Chapter 7 bankruptcy: This could let you stall a foreclosure temporarily
- Chapter 13 bankruptcy: This could let you pay off your mortgage arrears over the length of the bankruptcy plan or modify the loan
Don’t ever file for bankruptcy on your own, though. Hire an experienced lawyer who knows the ins and outs of utilizing bankruptcy to delay the foreclosure process. They can help you determine whether bankruptcy actually makes sense for your situation, and if so, ease the process for you.
It’ll also help to have access to a lawyer like this if you end up facing a judicial foreclosure in court. They can stop a foreclosure from happening quickly and let you look at all your options.
Touch Base With Us Today To Stall the Foreclosure Process
Stalling the foreclosure process is possible, but it might be challenging to do it without help from a trusted foreclosure lawyer. If you reach out to the lawyer too late in the process, it may be more difficult to stop the foreclosure, but in some instances, even if there is a sale already set, an attorney might be able to help. They can provide a more thorough answer to the question, “How can a foreclosure process be temporarily stalled?”
Cozmyk Law can set you up with the foreclosure assistance you need and help you steer clear of all the foreclosure scams out there. Contact us at 877-570-4440 to speak with a lawyer from our law firm about your foreclosure proceedings.
