In a foreclosure case, the lender or HOA has filed a lawsuit against the homeowner so that they can take possession of the property. We can help by legally defending the homeowner and trying to find a permanent solution. Once we understand the client’s goals, our team puts together a plan and legal strategy to give the client the best chances for success. Our approach to foreclosure defense can take one of two strategies.
We can be reactive, to responding to pleadings in hopes of delaying the foreclosure and allowing time for our team to negotiate a permanent solution. For our clients that want to keep their homes, a modification will bring the loan current and sometimes even lower the monthly payment. An alternate solution may be a payment plan or lump sum to bring current. For those who don’t want the property any longer, a short sale, regular sale or deed in lieu can be attempted.
Some homeowners want to pursue a more proactive strategy. In those cases, our attorney staff is equipped to take on a more aggressive, offensive approach.
No matter your situation or strategy, we are here to help you through the foreclosure process by filing the needed pleadings, attending the required mediation and hearings or bringing counterclaims.
Krasker Law is an experienced foreclosure defense law firm with the essential tools to provide superior customer service. Our firm has nearly 25 years of experience with foreclosure defense, and we know what the banks and judges are looking for. The greatest part about our law firm is an extended division of the company, titled the Homeowner Assistance Division. HAD helps provide homeowners with foreclosure alternatives such as loan modifications, payment plans, short sales, and bankruptcy.
Loan Modification can be a perfect way to resolve foreclosure and stay in the home. The loan is brought current and a fresh start is provided. . Many times the lender will find it more beneficial to agree on a modification than fight our firm in court. Since this solution is so valuable, Krasker Law has an entire team of lender negotiators that work side by side with the attorney and paralegal. We have found that there are few law firms that do what we do; we employ THREE staff members (Attorney, Paralegal, Negotiator) to one client foreclosure case. We find this gives our clients the best chance for success.
Loan Modification creates a permanent change in one or more of the terms of a mortgage loan, allows the mortgage loan to be reinstated, and results in a payment the mortgagor can afford. Once this is obtained, our firm will start the process of having the foreclosure case closed.
Deed in Lieu of Foreclosure is when the homeowner transfers their property to the lender in exchange for the waiver of any further liability under the loan. There are certain requirements the lender will have in order to be approved. Deed in Lieu may be the quickest and simplest option for a complete waiver of deficiency, but it is much harder to get approved than a short sale.
