Are You Facing a Foreclosure?

Foreclosue Sign on Top of For Sale Sign in Front of HouseAs a quintessential part of the American dream, purchasing a home is an exciting time for couples and families. For young families, in particular, signing the first mortgage contract is proof that they are growing up and taking on adult responsibilities. Yet, as life would have it, hardships make it difficult to stay on top of payments from time to time. In some cases, an unforeseen circumstance might result in several missed payments. When this happens, a bank considers the mortgage contract breached. Generally, after a period of 90-120 days, the bank could attempt to repossess the home through a foreclosure proceeding.

If you are facing foreclosure, it’s important for you to know that you are not alone. In turn, it’s important to understand that there are options to help. In fact, by contacting an attorney early in the process, you might be able to keep your home.

An attorney that’s familiar with state court procedures and foreclosure actions is imperative to one’s case. This is because the process of foreclosure is complex, and it requires filing the right documents with the court and presenting rules of evidence. One way to fight foreclosure is by working out a loan modification with the lender, which is often referred to as a loss mitigation option. To explain, a loan might be modified to reflect a lower interest rate or longer amortization period. If the loan happens to be an FHA (Fair Housing Administration) loan, a person might qualify for a “partial claim,” which is a type of loan that brings the person current on their payments. During the process, a skilled attorney can provide mediation as needed, while holding the lender accountable in regards to federal and state laws. Finally, if filing for Chapter 13 bankruptcy is more beneficial to the homeowner, a qualified attorney can assist in this manner.

You Can Obtain A Fresh Financial Start

Whatever the details of your impending foreclosure, the attorneys at Gingold & Gingold, LLC, offer vast knowledge over several decades. If you want to save your home from foreclosure, and you need to know your options, call Gingold & Gingold LLC today. You deserve a fresh financial start.

Gingold & Gingold LLC
1718 Peachtree St NW, #385
Atlanta, GA 30309
(404) 685-8800