Facing the possibility of a foreclosure is a true nightmare for a homeowner. When a lender decides to take action to recover the balance of their loan from a borrower by forcing the sale of the house, they are doing far more than taking a property – they are taking away hopes and dreams. If you have found yourself in the untenable position of having become so delinquent in paying your mortgage that this is a possibility, then the first thing you need to do is get yourself some help. For foreclosure help in Philadelphia from an experienced, compassionate attorney, call Reinherz Law. We will help you determine what your best options are. We will ask you about your goals, examine your mortgage documents and advise you as to whether it is in your best interest to fight the foreclosure, to modify your existing loan, or to walk away. Call us today to see how a lawyer can help you through the process.

There are a number of different defenses that an experienced foreclosure attorney can use on your behalf when you are facing the possibility of foreclosure.  They include:

• Identifying improper procedures on the part of the loan servicer – there are many instances in which a thorough analysis of your loan documents may reveal that the servicer who prepared your loan did not follow the legally-required procedures. Though in some situations these failures are minor, in others they are significant enough to allow a skilled attorney to have the foreclosure case against you dismissed.
• Determining whether the lender is able to provide specific proof of ownership of your loan – this may come as a surprise to many homeowners, but once a mortgage is approved and finalized, loans are generally bundled together and sold as securities. In many cases the lender that you owe your mortgage payments to may be unable to prove that they are the actual owner of your loan. Demanding this proof is often useful, or at the very least may provide you with more time.
• Mistakes were made in the servicing of your account – With the high number of foreclosures that occurred during the housing crisis, a great deal of attention began to be paid to the errors that were being made on a regular basis by loan servicing companies. In many cases, payments have been improperly applied or credited or fees were charged that should not have been. An experience foreclosure attorney will be able to find these types of mistakes if they were made on your account, and use them to your benefit in the argument against foreclosure.

In addition to these types of defenses, the attorneys at Reinherz Law have extensive experience in assisting clients facing foreclosure with a loan modification process. A call to our office will get you a convenient appointment to discuss your situation and learn all of the options that are available to you.

Learn more about how we can help with your Foreclosure HERE.