Expand Your Options for Resolving Home Mortgage Problems
At Purrazzella & Purrazzella, our lawyers take a personalized approach to mortgage foreclosure defense for people in Ocean County and Monmouth County. We'll review your situation and advise you about all of your options. Then we'll help you choose the right solution for your situation. Contact us in Toms River for a free consultation.
Our analysis begins with a thorough look at your financial situation. If you don't have any equity in your house, we'll help you consider whether it makes sense to keep your mortgage in place. You might qualify for a mortgage modification program that can reduce your payments or even reduce your principal. In some cases, it might make sense to take advantage of New Jersey's foreclosure mediation program, which can give you a chance to avoid foreclosure at any point up to the sheriff's sale.
Call the Toms River Home Loan Workouts Lawyers: 888-825-9980 or 732-691-4589
If your mortgage is in arrears and you're facing a real threat of foreclosure, your best option will depend on how much you want to keep your house and how much equity you have in it. If you have no equity, the best alternative might be a deed in lieu of foreclosure. You basically surrender possession of the property to the mortgage lender and walk away from any deficiency between the mortgage balance and the value of the property.
If you have equity worth protecting, you'll have a substantial interest in preventing foreclosure. For many people, Chapter 13 bankruptcy will prevent or interrupt a foreclosure while giving you the chance to spread out repayment of past-due mortgage obligations over a period of up to five years. It also gives you the chance to erase the value of second or third mortgages and home equity loans while keeping your house.
If your mortgage is in trouble, you can't get legal advice too soon, whether or not you're seriously considering bankruptcy. The longer you wait to get an experienced attorney's advice, the more likely it is that you're losing valuable options as time goes by.
For a free consultation about your best response to a foreclosure threat, contact a New Jersey mortgage foreclosure defense attorney at Purrazzella & Purrazzella in Toms River.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
