Did you know that foreclosure mediation can save your home? In response to the rise in foreclosure cases, the Ohio Supreme Court urged the courts to use mediation to help people save their homes. Many Ohio courts responded to this call for action by offering mediation in foreclosure cases. Prior to this program, homeowners in foreclosure cases did not have much of a chance to save their homes. With mediation through the courts, mortgage lenders are forced to have a bank representative participate in the mediation process. In these sessions, the bank representatives report on the progress of the homeowner’s request for mortgage modification, including whether the request will be granted, denied, or needs additional information to reach a decision. A foreclosure defense attorney can assist homeowners in this process. First the foreclosure defense lawyer ensures that the necessary pleadings are filed and the proper defenses are raised. Second, the mortgage modification lawyer helps ensure that the homeowner’s application for mortgage modification is complete and accurate. Incomplete or inaccurate applications can be grounds for denying a modification. The mortgage modification lawyer also helps the homeowner pursue alternative options, such as the hardest hit program. The mortgage modification attorney helps the homeowner get in touch with the correct resources for completing this process. This is important as there are numerous scam artists claiming to provide help, but do little more than make money for themselves. Being directed to the reputable counseling agencies is an important part of the process.
Foreclosure Mediation And Bankruptcy
Your foreclosure defense attorney should also be a bankruptcy lawyer. The threat of filing bankruptcy can be a powerful motivator for the mortgage lender to seriously consider the mortgage modification request. If the mortgage modification request is ultimately denied, filing chapter 13 bankruptcy is an excellent way to save a home. The chapter thirteen plan forces the mortgage lender to accept a reasonable repayment schedule. While the chapter 13 bankruptcy is pending, many homeowners are successful at obtaining a modification of their mortgage. These modifications occur even when the homeowner’s request was denied prior to the bankruptcy filing.
Articles Related To Foreclosure Mediation
To read more, take a look at any of my other articles on bankruptcy and bankruptcy-related topics:a look at the foreclosure process, what is mediation, no more debtors’ prison in Ohio, bankruptcy is in the constitution, can debt collectors harass you, can you go to jail for not paying payday loans, can you lose your home in bankruptcy, Ohio legislature passes law to protect homes. I have successfully handled the bankruptcy needs for my clients, including the more complicated ones, as set forth in the case highlights section. My hard work and results are reflected in the positive reviews from my clients: Daniel Gigiano reviews; Daniel Gigiano ratings; and Daniel Gigiano work.
Call Now For Help With Foreclosure Mediation
Attorney Gigiano is a Wadsworth foreclosure defense attorney in Medina County. If you have questions you need answered by a Wadsworth mortgage modification attorney in Medina County or a Wadsworth bankruptcy lawyer in Medina County, please contact Attorney Gigiano at 330-336-3330.