Comprehending Foreclosure Defense

Foreclosure is the legal process by which a lender reclaims a home or property to recover the outstanding balance on a mortgage or loan. If your home is in danger of going into foreclosure because you have been unable to make your monthly payments, you need to act fast. There are options available to you to avoid foreclosure, but you must speak with an experienced attorney as soon as possible if you wish to save your home and avoid foreclosure.

When a home is foreclosed upon, the property is sold, usually at auction, and the proceeds of the sale are used to settle the debt owed to the lender . The foreclosure process differs from state to state, and can happen as quickly as 30 days from the time that a notice is received. In some cases, the lender can also come after the person for the remainder of the loan if the sale price doesn't satisfy the debt. You may be able to avoid foreclosure if you consider a loan modification or a short sale. An attorney from the firm can help you with these two processes, and together you may be able to keep your home, or at least avoid foreclosure.

Understanding and Compassion During This Difficult Time

At Price Law Group, the legal team has over 20 years of experience helping clients through their financial and legal issues. Because of the current economic recession, many lenders will entertain the notion of a loan modification or short sale, but you need an experienced attorney to talk to them and negotiate for you. The firm has served over 100,000 clients over the years, and with fast action may be able to help you save your home. If you have any other financial issues you need help with, such a bankruptcy, insurance settlements, or tax resolution, the attorneys can advise you on those matters as well.