Connecticut Real Estate Lawyers Helping Clients with Foreclosure Defense
Unfortunately, foreclosure actions are on the rise due to the current housing crisis and the local and national economic situation. For most families in Connecticut, the thought of losing your home is a nightmare no one wants to face. However, you do not have to face it alone and with the help of an attorney skilled in litigation and real estate coupled with significant experience in foreclosure litigation, it is sometimes possible to prevent a foreclosure action from the ultimate result of your losing your home and financial investment.
Our representation of you during the pendency of a foreclosure action will afford you time to try to possibly reinstate the mortgage, sell your home, file a petition for bankruptcy protection or move out. We may be able to assist you in arranging for the bank to rewrite the terms of your note and mortgage which will enable you to keep your home. In addition, you may have defenses and counterclaims against the lender that could actually prevent a foreclosure judgment. Many lenders are vulnerable to valid defenses including fraud and violation of the Federal Truth In Lending Act because of incomplete record keeping by themselves or their predecessors. The original lender may have also failed to properly assign the note and mortgage or you may not have received the required notice of default before the initiation of the foreclosure action.
Our attorneys work to prevent the foreclosure of our clients’ properties using effective legal and negotiation strategies. Mark Sank & Associates, LLC is committed to helping families keep their assets and strengthen their position for the future. If you are facing foreclosure proceedings, contact our Stamford offices to schedule a free 30 minute consultation today to see how we can help you.
Our lawyers help you prevent the loss of your home by foreclosure through a variety of methods, including:
- Filing pleadings to slow down the foreclosure action
- Negotiating loan modifications with banks and other lenders
- Helping refinance a mortgage
- Trying to have the financial institution reduce the mortgage payment to reflect current earnings and ability to pay
- Assisting in short sales of property
It is important to note that banks do not want to foreclose on your property. They have already become overwhelmed with managing foreclosed real estate because of the current economic crisis and as lenders they do not want to add any more debt to their books.
Banks and other financial institutions are now much more amenable to negotiating and mediating solutions that will allow families to stay in their homes, which includes modifying the terms of your loan. The lawyers at our firm are proficient at negotiating payment terms and amounts that banks will accept that will also meet your needs as well.
We are committed to helping you and make fighting for your rights our priority. No matter what your circumstances, or what stage of the foreclosure litigation process you are in, we believe in your right to fight for a chance as a property owner to keep your home or to look for dignified options toward a workable solution best suited to your individual needs and circumstances. We approach every client realizing that each fact pattern is unique requiring customized representation. As a result, we tailor our services to your individual requirements giving you practical and sound advice and never compromising our commitment to do our best for you and your family.
However, in the event we cannot reach an agreement with a bank or lender and you are faced with a certain foreclosure, we can also assist you in the short sale of your home as well.