180 Post Road East, Westport, CT 06880 | P: 203-635-2529 | F: 203-226-6113
180 Post Road East, Westport, CT 06880
P: 203-226-3442 | F: 203-635-2529
Alternatives To Foreclosure
Foreclosure Attorney in New York and Connecticut including Stamford & Westport
Dealing with a pending foreclosure can be a difficult and overwhelming time in an individual’s or family’s life. At the law office of Brad M. Aron, we strive to help clients understand their rights and options when dealing with foreclosure.
With over 26 years of experience, attorney Brad Aron confidently guides clients through the many legal issues that can affect their property, including foreclosure. He is dedicated to standing by clients throughout the entirety of their cases to ensure that their rights are preserved and their needs are fully met.
The current state of the U.S. economy and real estate market have contributed to a significant rise in foreclosure rates. More and more people are facing foreclosure. Though it is not always possible, we may be able to prevent the foreclosure from occurring. Below are some of the services we offer to attempt to stop foreclosure on your home. Contact a lawyer at our firm today to discuss these issues.
Carried out in order to prevent foreclosure, a short sale may be completed when a mortgage lender or bank agrees to let a borrower sell their home and pay back the loan balance from the sales proceeds less than what the borrower owes the lender. Banks often approve short sales when the borrower is suffering economic hardship and such sale will result in a smaller financial loss to them than a foreclosure. Our firm has represented numerous individuals in short sale matters and can help advocate for a short sale if your situation warrants this type of action.
Negotiating with the Lender
Another way to deal with a foreclosure is to negotiate a modification of your existing loan payments with the bank or other lender. This way, we can attempt to help you catch up on back payments and lower future payments in order to retain your home. We can also help negotiate with the lender to get you into a fixed-rate mortgage instead of an adjustable rate mortgage (ARM), if this is the source of some of the financial issues you are facing.
If you are in danger of losing your primary residence due to the lender’s initiation of a foreclosure action, we may be able to assist you in the defense of the foreclosure through a process called foreclosure mediation. In foreclosure mediation, we regularly meet with the lender’s attorney and a court mediator to attempt to work out a viable resolution to your foreclosure action, which may include a short sale or mortgage modification.
Contact us to learn more about how we can help you deal with foreclosure and other issues. We always take the time to explain all of your options to ensure that we proceed in a way that suits your best interests and needs.