Defending Foreclosure Actions

Many clients come to us wanting to know what their options are in regards to foreclosure. We can help.

Some of the services we offer:

• Arranging a repayment plan to pay overdue payments

• Loan modification, lowering your payments to 31% of your monthly income.

• Deeds in Lieu of Foreclosure

• Negotiating payoffs of 2nd mortgages for less than what is owed

• Protecting your rights in foreclosure, and slowing the process

• Filing counterclaims against the lenders. 

It must be noted, that in many foreclosure cases Clients do not "win" – i.e. become excused from the debts. 

We can use the laws to your advantage to help you find solutions on your terms. There are many federal laws that can be used against the lenders.  These tools can be used to help a homeowner defend foreclosure.

These include:

• Truth in Lending Act (TILA), 15 U.S.C. §1601

• Real Estate Settlement Procedures Act of 1974 (RESPA), 12 U.S.C. §2601

• Home Ownership and Equity Protection Act of 1994 (HOEPA), 15 U.S.C. §1601

• Fair Housing Act, 42 U.S.C. §3601

Also, a Chapter 13 Bankruptcy will also stop a foreclosure sale and enable a homeowner to put their mortgage default on a repayment plan over a period of 3 to 5 years. Contact The Law Offices of Steven J. Grace by filling out the form to the right for your confidential legal consultation.

When facing foreclosure, there are many options available to homeowners and it is important that you understand them fully.