Is your home in danger of foreclosure? Do you need to find Philadelphia foreclosure relief? Our Philadelphia mortgage defense firm can help you fight foreclosure. There are several options available, but it will depend on your particular circumstances. The type of mortgage loan you have is important, as is how willing your lender is to work you. At our Philadelphia mortgage relief firm, we provide the experience and knowledge you need to help you save your home.
Mortgage Relief Firm in Philadelphia PA
At The Law Offices of David M. Offen, a mortgage defense firm in Philadelphia PA, we have helped our clients stop foreclosure when possible, and we can do the same for you. Some of the ways that foreclosure can be stopped include:
- Forbearance plan: This is an option where the mortgage company allows for the temporary reduction or suspension of your monthly mortgage payments. You will have to make up the payments that are missed with an increase in your future payments. In some cases, you will get six months of forbearance, but other cases may qualify for a year’s worth. Our Philadelphia mortgage defense firm can help you learn more.
- Getting a loan modification: When you are behind on your mortgage payments, you may find foreclosure relief in Philadelphia PA by asking your lender to modify your mortgage. This change in your mortgage will often make it look like a new loan. It will have a different payment amount and a different interest rate. The term of the mortgage debt will usually be extended.
- Contesting the Foreclosure in the Courts. In many cases the foreclosure can be challenged in the State Courts. The Courts give you and your attorney a chance to contest the foreclosure which results in the foreclosure being stopped and in many cases helps you get a modification or other arrangement permitting you to keep the home.
- Filing Chapter 7 or Chapter 13 bankruptcy: If you want to stay in your home for a bit longer while your other debts are taken care, or permanently stay in your home, these are options you have. Our mortgage defense firm in Philadelphia PA can provide more information on filing bankruptcy.
Contact The Law Offices of David M. Offen Now to Learn More
If you need to learn more about our Philadelphia mortgage defense firm, please give us a call. We offer a free consultation so that we can learn more about your situation and you can learn about the options available to you.