The Law Offices of Sirody & Ruben Bankruptcy Center is proud to offer foreclosure assistance to homeowners. Our experienced foreclosure attorney in Randallstown, MD will work with you to explore all of your options and help you find a solution that works for your unique situation. We understand the stress and anxiety that comes with the threat of foreclosure, and we are here to help you protect your home and your family. Contact our office today to schedule a consultation. We look forward to helping you through this difficult time.
What Happens During the Foreclosure Process?
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. The foreclosure process can be lengthy and complicated, and it often ends with the borrower losing their home. In most cases, the foreclosure process will begin after the borrower has missed several mortgage payments. The lender will then send a notice of default, which gives the borrower a certain amount of time to catch up on their payments. If the borrower does not make the required payments, the lender may file a notice of sale, which begins the foreclosure auction process. During the auction, the home will be sold to the highest bidder. If no one bids on the home, it will be sold to the lender.
Once the foreclosure is complete, the borrower will be legally obligated to vacate the property. Foreclosure can be an emotionally devastating experience, and it often takes years for borrowers to recover financially. Our foreclosure attorney in Randallstown, MD will ensure that you do not face the foreclosure process alone.
How Can Bankruptcy Help Prevent Foreclosure?
Bankruptcy can help prevent foreclosure by giving the borrower time to catch up on mortgage payments. A bankruptcy judge may order a suspension of foreclosure proceedings for a certain period of time, during which the borrower can catch up on payments. The automatic stay that goes into effect when a bankruptcy case is filed also gives the borrower time to catch up on payments. If the borrower does not catch up on payments during the suspension of foreclosure proceedings or the automatic stay, the lender may ask the court to lift the stay and allow the foreclosure to proceed. However, if the borrower has filed for bankruptcy protection, the court may require the lender to go through certain procedures before allowing the foreclosure to proceed. These procedures may give the borrower additional time to catch up on payments or work out a repayment plan with the lender. As a result, bankruptcy can help prevent foreclosure by giving the borrower time to catch up on mortgage payments or work out a repayment plan with the lender.
Where Can I Find a Foreclosure Attorney in Randallstown, MD?
The Law Offices of Sirody & Ruben Bankruptcy Center are a foreclosure defense law firm serving the Randallstown, MD community. Our attorneys have over 80 years of combined experience handling foreclosure cases in Maryland, and we offer a free consultation to discuss your case. The firm represents homeowners who are facing foreclosure, and we can help you keep your home or get the best possible outcome in your case. The attorneys at The Law Offices of Sirody & Ruben Bankruptcy Center are experienced in handling all aspects of foreclosure cases, and we will work tirelessly to protect your rights and interests. If you are facing foreclosure in Randallstown, MD, contact The Law Offices of Sirody & Ruben Bankruptcy Center today at 410-847-7249 to schedule a free consultation.