Cleveland Foreclosure Lawyer
Expert Foreclosure Assistance in Ohio
The threat of foreclosure is one all too many families in Ohio are facing
in these difficult economic times. It can be difficult to know what steps
you can take to avoid or stop a foreclosure and save your home.
If you are facing a foreclosure, reach out to our foreclosure attorneys
as soon as possible. At
Knevel Law Co. LPA, our
experienced lawyers can examine every option in your foreclosure defense case so you can keep
your home.
We are one of Northern Ohio's largest consumer
bankruptcy firms. Thanks to our sole focus on bankruptcy, we are able to dedicate
all of our time and effort to tirelessly representing our clients in Cleveland,
Akron, Canton, Elyria, and Garfield Heights. When you meet with our Cleveland
foreclosure attorneys for a free consultation, we will discuss your specific
financial situation, the pending foreclosure of your home, and how bankruptcy
may be a solution.
Threatened with foreclosure?
Call Knevel Law Co. LPA at (216) 450-6689 for immediate assistance. Our Cleveland foreclosure
lawyers have 45+ years of combined experience.
Understanding Foreclosure in Ohio
In Ohio, foreclosure can take about 6 to 18 months. It starts with the
preforeclosure period, which means being charged late fees and receive
a breach letter. Servicers typically provide loss mitigation opportunities,
but if you are unable to resolve the matter, the judicial foreclosure
begins when the lender serves you a summons and complaint.
You have the option to respond in court, receive special protections (if
applicable), or pay off the loan to prevent foreclosure. If you do not
respond, you will receive a "default judgment" and the foreclosure
sale will begin. Your legal rights in the property end when the sale is
confirmed and a writ of possession is given to the buyer. If you choose
to respond, then the case will go through the litigation process.
Foreclosure Defense Strategies
Did you know that filing for bankruptcy may prevent foreclosure on your
home? Filing for
chapter 7 or
chapter 13 bankruptcy may be able to stall or terminate a foreclosure completely.
By filing for bankruptcy, you may be able to:
- Modify your home loan
- Make regular mortgage payments
Generally, a Chapter 13 bankruptcy is recommended over a Chapter 7 for
stopping foreclosure. This is because while a Chapter 7 will temporarily
stop foreclosure proceedings with the automatic stay for the duration
of the bankruptcy, these proceedings will resume once your Chapter 7 bankruptcy
is complete and your
debts are discharged.
In comparison, a Chapter 13 bankruptcy allows you to include your missed
mortgage payments in your repayment plan. This effectively allows you
to repay your mortgage debt over the three to five-year Chapter 13 payment
plan period, and can save your home from foreclosure.
Contact Our Cleveland Foreclosure Attorney Today
If you are feeling anxious about the possibility of losing your home, you
are not alone. Our foreclosure attorneys have filed thousands of bankruptcy
petitions and understand the law in regard to foreclosures in Ohio.
We want to protect your rights and help you to keep your home if possible.
Don't hesitate to
contact our firm as soon as possible in order to learn more about the options available
to you. Call (216) 450-6689 today.
