Real Estate Lawyers Defending Property Owners In Foreclosure Cases
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 their home is a nightmare no one wants to face. However, you do not have to face it alone. 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 at Mark Sank & Associates, LLC, 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.
Did The Lender Commit Fraud Or Other Errors?
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, reach out to our Stamford offices to schedule a free 30-minute consultation today to see how we can help you.
Legal Avenues To Stop Foreclosure
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 may meet your needs as well.
A Connecticut Law Firm On Your Side
We are committed to helping you and fighting for your rights as 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.
Get Help If Your Property Is Threatened With Foreclosure
You don’t have to deal with the banks on your own. Mark Sank & Associates, LLC, is here to help you. Should you consider bankruptcy as an alternative? Or should you simply decide to let your house and the mortgage go? How should you navigate the end of foreclosure protections enacted during the early phases of the pandemic crisis in 2020? We will help you look honestly at all factors and options applicable in your case.