We all know that one of the best feelings after a long day of work is coming home and relaxing. Sadly, some people are now facing the reality that they do not have somewhere to call home.
Since the economic downturn in 2008, many homeowners have fallen behind on their mortgage payments. When doing so, they jeopardize their ability to have somewhere to call home. Even some people who have stayed current often find themselves paying on a mortgage with a principal in excess of what their home is worth.
Foreclosure actions are now being filed by banks rather quickly – sometimes after only three or four missed payments. Banks say that they want to work with homeowners to try to remedy the issue, but that is not always the case.
I’ve received a Foreclosure Notice – Now What?
There are many clients who have received foreclosure notices that call into our office. They ask how long they will be able to stay in their home until their family is thrown out on the street. Attorney Fred Boyk counsels them on a multitude of options that they have during this difficult time.
The options clients have when facing foreclosure are as follows:
HAMP – Home Affordable Modification Program
HAMP works to lower your monthly mortgage payments so they are more affordable and sustainable for the long-term.
HARP – Home Affordable Refinance Program
HARP is the refinancing of your existing mortgage to help you get a new, more affordable and more stable one.
Save the Dream Ohio
Save the Dream Ohio is a program that could possibly provide up to $25,000 toward your mortgage delinquency.
Saving My Home during Foreclosure
Fred has had many clients who have not only saved their home during the foreclosure process, but also received
- Lower interest rates
- Smaller payments
- Extended terms
If you receive a foreclosure notice or you need help addressing issues regarding your mortgage, call us for guidance.
You can also fill out an online contact form on our website and we will put you in contact with Attorney Fred Boyk as soon as possible.
Let us help you through this difficult time so you and your family can stay in your home! Call us today!