If you’re having trouble making your mortgage payments and are dangerously close to losing your home, work with a highly trained Vigo County foreclosure attorney before it’s too late.
When you get too far behind on your mortgage, your home is at risk of foreclosure. At this point, your loan servicer will seize your property and sell it to recover the money they lent you to purchase the home. A foreclosure can not only leave you homeless, but it can severely impact your credit score, making it difficult to get approval for loans in the future.
The Vigo County foreclosure lawyers at Rowdy G. Williams Law Firm understand how easy it can be to fall behind on your mortgage payments, even if you are largely a responsible homeowner. We’ll work with your lender to get you out of this financial mess so you can keep your home and avoid having a foreclosure on your record.
Modifying Your Current Loan
Even if you are currently facing foreclosure, you do have options to rectify the situation. First, your debt-relief attorney will look into modifying your current home loan so you can continue making payments and get caught up on the ones you’re behind on. In this case, you can keep your house and the bank will continue to be repaid for the loan you took out.
In some cases, we discover that when trying to modify your current loan, the bank was continuing to pursue foreclosure. This unscrupulous tactic is known as dual-tracking. Not only is this practice a federal offense, it’s degrading to homeowners who are trying to make good on their financial obligations. Your attorney will take legal action if we find out your lender has been dual-tracking your loan.
Your foreclosure lawyer in Vigo County is prepared to help you request a loan modification so you can keep your home before the bank moves forward with the sale of your house.
What Happens if Your Lender Made a Mistake?
If you’ve been making loan payments on time, or at least regularly, then it might come as a shock to receive a foreclosure notice in the mail. Banks make mistakes, and if your lender hasn’t reported payments on your account, or if there was another kind of clerical error, the issue is theirs, not yours.
Luckily, it’s fairly easy to confirm that you’ve been current on your home loan. Your attorney will demonstrate in court, if necessary, that it was a lender error that resulted in your foreclosure notice, rather than a failure to make payments.
An Experienced Vigo County Foreclosure Attorney Can Help
When you receive a foreclosure notice, you’re sure to feel overwhelming anxiety about what’s going to happen next. An experienced Vigo County foreclosure lawyer at Rowdy G. Williams Law Firm can help bring you current on your loan and otherwise keep your home out of foreclosure.
Schedule your initial case assessment today by giving our office a call at 1-812-232-7400 or by filling out the quick contact form below.