You worked hard to purchase your dream home. When unexpected circumstances occur that put your home at risk of foreclosure, you can take crucial steps to ensure your lender complies with its legal duties. Robert E. McRorey, Attorney at Law has been protecting homes from foreclosure for 29 years. Our firm combines innovative strategies with fierce determination to defend your right to keep your home. When selling your home presents the better option, we guide you toward the most advantageous situation. Some ways we can help you include:
Robert E. McRorey, Attorney at Law fights banks to protect your home from wrongful foreclosure by challenging the legality of the proceedings. If necessary, we can help you file a Chapter 13 petition to stop the foreclosure action.
If your home has dropped in value to below your outstanding loan amount or you can no longer afford your monthly payments under your current mortgage, you may be eligible for a loan modification. Robert E. McRorey, Attorney at Law negotiates with the bank to have the terms of the original loan permanently changed to reduce payments to an amount you can afford.
Forbearance gives you a temporary reprieve from making payments on your loan while your lender agrees not to foreclose on your home during the forbearance period. The arrangement can give you a much-needed break if you have fallen behind in your payments.
During the real estate bubble, many homes were overvalued and mortgages were issued that reflected the inflated prices. Home values plummeted and now, many homeowners owe more on their properties than they are worth. With no equity in their properties, these homeowners have found themselves stuck in a cycle of debt from which they cannot extricate themselves. A short sale allows you to sell your home for less than the amount you owe on the loan. The bank avoids the expense and time of the foreclosure process and you can walk away from the oppressive debt.
Much like a short sale, a deed in lieu of foreclosure allows you to relinquish your interest in your home for the amount of the loan by exchanging your deed for the loan cancellation. Robert E. McRorey, Attorney at Law aggressively negotiates with your lender and meticulously prepares the agreement to ensure you do not lose your home and still remain saddled with the loan. Instead, you are truly relieved of the debt.