Stop Foreclosure

Stop Foreclosure

Many home owners fail to realize that they have an option to stop foreclosure on their property. Judicial foreclosure involves many loopholes that can be exploited to your benefit. The results of stopping foreclosure can be a change in the terms of the mortgage, or just a longer repayment time for the mortgage. Many people also choose to declare bankruptcy to avoid going through foreclosure.

While you may understand the many options that you have as a home owner, you might not be the best placed to handle the situation. This is because the banks will always be better placed as they have vast knowledge of the subject, and have been in the industry for a much longer time. Banks and lenders are specialized in foreclosure since that is part of their everyday business. You, on the other hand, have only had to deal with foreclosure at most a few times in your entire life. This is the reason why it will be necessary to hire an experienced lawyer to handle your case.

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Stop Foreclosure

How to Stop Foreclosure

In the past, many home owners lost their homes through foreclosure due to a poor understanding of their rights. This was all to the glory of the banks. Presently, many are learning how to stop foreclosure and retain their homes, or at least get a better deal. There a many ways of stopping foreclosure. These also depend on whether you will be able to pay for the loan in future, or are at a dead end financially. A lawyer will consider your specific situation before advising you on the best way to stop foreclosure. Alternatively, you can read these options below and see which one best fits you:

  • Short selling your house.  This is a good option if you do not see yourself affording the home in future.
  • Negotiating for a lower interest rate
  • Stopping the payment of the mortgage for a while
  • Filing for bankruptcy
  • Changing the loan’s principal
  • Extending the time for repayment of the loan
  • Reducing the monthly payment of the loan
  • Tips on Getting Foreclosure Help

First, you need to understand your situation well. Understand the cause of the problem. Sometimes, the bank or lender may be involved in unethical and even illegal giving of mortgages. Also, you need to know whether you will be able to pay for the loan if given some time. Understanding this will help you know which option to take. Then you can find a lawyer who will represent you in court.

Ideally, you should find a lawyer with vast experience in foreclosure defence. Such lawyers are more capable of successfully representing your case, and stopping foreclosure on your property. Also, find out whether or not the lawyer is licensed to practice law in the state.

Foreclosure Defence Scams Checklist

It is easy to get defrauded while desperately seeking foreclosure help. To identify a scam, check for these characteristics:

  • Ask for payment before all services are rendered
  • Guarantee to save your home
  • Do not recommend continuous communication with lender
  • False affiliation claims
  • Unclear contracts
  • Unwritten contracts
  • Offer to accept payment for mortgage on behalf of lender
  • Offer to help you file for bankruptcy
  • Offer to negotiate for refinancing of the mortgage on your behalf
  • Claim to perform forensic mortgage loan audit
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Testimonials

I have dealt with Matt for a few years for a couple of matters for myself and for my mother-in-law. Matt has always been a man of his word; anything he said he would do was done as expected. He provided timely and accurate advice when requested. Matt never pushed services that were not required and at certain times he recommended less costly services that would achieve the same results. I highly recommend him as very honest and ethical. He always disclosed fees in advance and there were never any "surprise" fees.— jimcar13
Mr Nahrgang was easy to work with, and did an excellent job with my case. Though my case turned out to be more complex than we had originally realized, he handled every complication promptly and competently.— eyedoc89
I was first recommended to Matthew Nahrgang by a friend. I was having serious financial issues at the time. I went to Matt and had a conversation which set my mind at ease. He is straight to the point, honest and tells you how it is. No frills kind of guy. He also is confident in his business and knows the law very well, which is what set me at ease. It was not near a big deal as I thought it to be. He does what he says he is going to do and does it in a timely manner. I have used Matt a few times now and I've recommend him to many of my friends and business acquaintances. I highly recommend Matthew Nahrgang!— my1leelee
In relation to my bankruptcy and in retrospect, I was thankful that I had discovered Mr. Nahrgang and had engaged him to respresent me in my case. I found him to be respectful, understanding, highly knowledgeable and trustworthy. I appreciate all that he did on my behalf and have recommended him to friends and family.— Orangefit09
Areas we serve
The Collegeville, Pennsylvania based law firm of Nahrgang & Associates, P.C. represents clients in the counties of Montgomery, Bucks, Delaware, Chester, Berks, Philadelphia, Lancaster, Northampton and Lehigh including the communities of Collegeville, Jenkintown, Doylestown, West Chester, Reading, Media, Allentown, Norristown, Phoenixville, Quakertown, Pottstown, Lansdale, Royersford, Plymouth Meeting, Exton, Conshohocken and King of Prussia, PA.
Our location
Nahrgang & Associates, P.C
35 Evansburg Road, Suite 3 Collegeville, PA 19426
Phone: 610-422-3651
Toll Free: 888-773-6714
Fax: 610-489-3042