Mark’s Law Firm understands the stresses that come with the threat of foreclosure, and we have more experience handling these cases than most other law firms in the state of Iowa. If you have already been served or if the bills are piling up with no end in sight, come in to discuss your options with Attorney Sam Marks.
Confronting the possibility of losing your home through foreclosure is undeniably a difficult situation. Having reliable information and solid guidance is crucial for making informed decisions in such circumstances. The stop foreclosure attorneys at Marks Law Firm are dedicated to offering you the necessary insights to help you navigate this challenging process.
What Is Foreclosure And How Does It Start?
Foreclosure is a legal procedure that begins when a homeowner becomes unable to fulfill their mortgage payments as initially agreed upon. However, it’s crucial to know that foreclosure doesn’t happen overnight and can’t proceed without prior notice. Understanding how foreclosure starts and the steps involved is essential to taking informed action.
What Happens If I Can’t Make My Mortgage Payment?
If you find it difficult to make a mortgage payment, don’t ignore the situation. Reach out to your lender without hesitation. Several have forbearance policies and repayment options that can assist you in gradually repaying missed payments. Taking swift action can have a substantial impact on preserving your home down the road.
What Is A “Right to Cure Notice”?
The “right to cure notice” is the initial step a lender takes to initiate foreclosure. This written notice outlines the details of your default, including the amount owed and any associated costs. If you can pay the amount specified within 30 days, you may be able to reinstate your loan and prevent foreclosure.
Can I Stop A Sheriff’s Sale Of My Home?
Before a judgment is officially entered, you have the option to submit a “Demand for Delay of Sale” to the court, which can effectively postpone a scheduled sheriff’s sale. This extension can grant you about three to six months of extra time, depending on the specific situation. Exploring this option could help you avoid the immediate loss of your home.
How Can A Foreclosure Lawyer Help?
Seeking legal counsel from a foreclosure lawyer is a wise step when dealing with foreclosure. A foreclosure defense attorney can provide you with a comprehensive understanding of your rights, help you explore potential alternatives, and offer representation throughout the entirety of the process. They can also assist you in filing necessary paperwork, such as a “Demand for Delay of Sale,” and provide insights into possible solutions.
Can You Stop A Foreclosure In Iowa?
Homeowners nationwide are facing foreclosure for a variety of reasons including job loss, divorce or separation, medical issues, or overwhelming debt. Marks Law Firm understands the stresses that come with the threat of foreclosure, and we will do everything that we can to minimize these stressors. We have smooth and efficient methods and systems that ensure our clients get the best possible outcome.
Contact us to schedule a completely free initial consultation with one of our dedicated attorneys and we will get right to work doing what needs to be done to save your home.
Will Filing For Bankruptcy Stop A Foreclosure?
A bankruptcy will either delay or stop the foreclosure process, depending on whether you file a Chapter 7 or Chapter 13 and how it is set up.
For Frequently Asked Questions Regarding Foreclosure, please click here.
I Offer Free Phone Consultations
(515) 276-7211
