Canton Foreclosure Defense Attorney Works to Protect Clients’ Homes
Northeast Ohio firm negotiates with lenders when payments are owed
Losing your house because you’ve fallen behind on mortgage payments can have a devastating impact on you and your family. At Douglas D. Jones Co., LPA in Canton, I can answer all of your questions regarding foreclosure and pursue innovative solutions that will keep you in your home. When you work with my firm, I’ll evaluate the circumstances and determine an appropriate course of action for your unique situation. From start to finish, I give clients honest, accurate information about their options and hold lenders accountable if they break the rules governing these matters. Whether a mortgage modification is the best way forward or some other strategy works best, I aim to secure a lasting solution tailored to your budget and wishes.
Knowledgeable lawyer pursues mortgage modifications for homeowners
The prospect of foreclosure leaves many homeowners feeling frightened, helpless and alone. We understand how devastating going through a foreclosure can be. Your home, after all, is more than just a residence — it’s the place where you and your family have built your lives. Serving northeast Ohio since 1998, my firm handles a wide array of legal challenges for people struggling with debt, including bankruptcy filings. I am well versed in the various aspects of foreclosure defense, such as:
- Mortgage modifications — Banks are often reluctant to expend resources on the complex legal foreclosure process. To avoid this, they might agree to modify the terms of the mortgage so that the monthly obligation is lowered. This can be accomplished by lengthening the timeframe for repayment or lowering the interest rate. As an attorney with a deep background in this area and a thorough understanding of the local real estate landscape, I can determine what type of revisions might be amenable to your lender.
- Potential errors and procedural violations — Financial institutions seeking to take possession of a home must initiate the judicial foreclosure process and follow the detailed requirements necessary to obtain a final judgment. Proper notice must be given and the homeowner has to be given time to pay back what is owed. When the appropriate steps haven’t been taken or the proceeding is based on erroneous information, my firm fights back to keep clients in their homes.
- Possible solutions — Due to the impact that foreclosures have on families and communities, there are programs that offer mortgage assistance to deserving borrowers. My firm examines every potential source of relief.
- Short sales — Many homeowners facing financial distress opt for a “short sale” where the proceeds do not amount to the money owed on the mortgage. It’s important to remember that a borrower might still be held liable for what’s left on the loan. If you believe this might be a suitable option for you, my firm can negotiate with the financial institution for an approval where the obligation to repay the excess amount is waived.
By speaking to a lawyer early, before your first missed mortgage payment, you’ll have a better understanding of your options. In some cases, early legal intervention could be the key factor that leads to a successful outcome.
Contact an Ohio foreclosure defense attorney to set up a free consultation
Douglas D. Jones Co., LPA in Canton advocates on behalf of homeowners who are facing foreclosure actions. For a free consultation with an experienced Ohio lawyer, please call 330-649-2372 or contact me online.