Foreclosure
– Foreclosure Defense
If you are facing a foreclosure lawsuit you have options, but time is of the essence. There are only a few things a homeowner can do to save their home. A loan modification is the best way to take a homeowner out of foreclosure, but loan modifications are not guaranteed. Many lenders and the federal government have several programs to help struggling homeowners modify their mortgage. Programs such as the Home Affordable Modification Program and the Illinois Hardest Hit Fund allow certain guidelines for homeowners to qualify for these programs.
Natkin Legal understands the importance of keeping your home. We fight on behalf of families to stay in their home when their lenders have sued them for foreclosure. We successfully help our clients negotiate with their lenders in order to modify their loans while at the same time defending them against foreclosure proceedings. Our attorneys are in court every day of the week fighting for our clients’ right to remain in their home.
How do I save my home in foreclosure?
If you are facing a foreclosure lawsuit you do have options, but time is of the essence. There are only a few things a homeowner can do to save their home. A loan modification is a good way to take a homeowner out of foreclosure, but loan modifications are not guaranteed. It is guaranteed the Bank that holds the mortgage will not do its best to help a homeowner procure a better loan. Another way is to file for Chapter 13 Bankruptcy relief. In a Ch. 13, the Bank does not have the power to stop a Ch. 13, and must stop the foreclosure lawsuit, as long as the homeowner makes his or her Ch. 13 plan payments and regular monthly mortgage payments.
Its not easy, but Ch. 13 is the best and guaranteed way to stop a foreclosure lawsuit and save a homeowner’s home. That being said, many Banks and the Federal government have several programs to help struggling homeowners modify their mortgage. Programs such as the Home Affordable Modification Program and the Illinois Hardest Hit Fund allow certain guidelines for homeowners to qualify for these programs.
As attorneys practicing in foreclosure defense, Natkin Legal helps homeowners through the loan modification process or to file a Ch. 13 Bankruptcy Plan. For more information or to schedule a free consultation please contact Natkin Legal at 773.542.5400 or email secretary@natkinlegal.com.