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Foreclosure The foreclosure process is initiated when a default by the mortgagor (i.e., borrower) exists under the terms of the mortgage. While other types of default can occur, the most common one is the failure of the mortgagor to make payments when due. Many important milestones and requirements exist for a successful foreclosure. The first of these requirements is providing proper notice. One lender mistake is to fail to make sure that the required notice has been given prior to acceleration of the debt and commencement of the foreclosure proceeding. Failure to provide proper notice is cause for dismissal of the suit, and could be considered breach of the mortgage by the mortgagee (i.e., lender). Our office can ensure that the foreclosure action goes as smoothly as possible, and can assist the mortgagee in recovering from reversible mistakes early in the process, when the damage can be more effectively corrected or minimized. Many individuals who have adjustable rate mortgages are not able to pay on their loans and are now facing foreclosure. Our office can also represent borrowers in the foreclosure process. If you are about to lose your home to foreclosure, it is important to know that you have many options. We can provide you with a straightforward consultation with an attorney with extensive foreclosure experience. This consultation will disclose the many considerations and facets of the foreclosure process, will effectively explain the process and your available options, and will help you make appropriate decisions. John J. Balkunas, Jr., Esq. has over 15 years of experience providing representation to banks, credit unions, and individuals in the residential and commercial foreclosure and bankruptcy areas. If you or your business has the need for foreclosure services, contact our office to schedule a free initial consultation to discuss the legal options and what our office may be able to do for you. For more information on our firm please contact us. |
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