Wednesday, July 30, 2014

Avoiding Foreclosure: The Emerson Law Firm Discusses Ways to Save Your Home

Earlier this month, Sandy Emerson talked with Illinois Homes about how the Emerson Law Firm can help consumers who are facing foreclosure.  Back in 2000, Sandy Emerson established the firm after “witnessing the rampant abuses in the debt collection and mortgage servicing industries.”  While the firm focuses on consumer law today, the attorneys at the Emerson Law Firm continue to assist clients with foreclosure defense, loan modifications, real estate matters, and other consumer issues.
Homeowners Can Stop a Foreclosure
Many struggling homeowners operate under the misconception that there’s nothing to be done about a foreclosure.  Yet it’s important to know that, at the Emerson Law Firm, the dedicated foreclosure defense attorneys stop foreclosures every day.  In her interview for Illinois Homes, Sandy Emerson emphasizes that, unlike other foreclosure defense firms, the Emerson Law Firm is “a home preservation firm.”
What does that mean?  In short, the consumer attorneys at the Emerson Law Firm will not simply litigate in order to “buy time” before a foreclosure.  Instead, there are a number of options that a foreclosure defense attorney can help you with to ensure that you get to keep your home.  For example, if you’re eligible for a loan modification, we can help you to get your mortgage payment modified.  You also may be able to prevent foreclosure with a deed in lieu or a short sale, but many other loss mitigation options exist, too.  We have years of experience helping Chicago residents to stay in their homes, and we understand the many different options that exist for clients who face foreclosure.
In some cases, a lender won’t comply with all of the state and/or federal foreclosure requirements, and the foreclosure defense attorneys at the Emerson Law Firm can help.  For instance, if a loan servicer doesn’t comply with certain notice requirements under state or federal law, you might be able to use that as a defense to foreclosure.  A foreclosure defense attorney can assess whether a loan servicer has violated notice requirements under the Fair Debt Collection Practices Act or the Code of Federal Regulations.
However, it’s important to remember that defenses to foreclosure must be brought within a particular period of time.  The longer you wait to raise a defense, the greater the likelihood that you won’t be able to use that defense at all.  As such, you should speak to an experienced foreclosure defense attorney as soon as possible.
Foreclosure Regrets
When it comes to facing foreclosure, homeowners often regret that they didn’t speak to a foreclosure defense attorney sooner.  The sooner you talk with a foreclosure defense lawyer, there’s a better chance that you’ll be able to raise defenses to the foreclosure.
According to Sandy Emerson, many clients call the Emerson Law Firm just a day or two before their homes are being sold through a foreclosure auction in hopes of stopping the sale.  Short of filing for bankruptcy, it’s difficult to save homes that have reached this stage.  The key to stopping a foreclosure is speaking to an attorney as soon as possible.  Sandy Emerson explains that, “if a homeowner wants to save the home, we have the most bargaining power when we are involved early in the case.”
Contact a Foreclosure Defense Lawyer
You can reach the Emerson Law Firm by phone at (708) 660-9190 or by filling out an electronic message form.  If you are at risk of losing your home because you’re having difficulty making mortgage payments, contact a foreclosure defense lawyer as soon as possible to discuss your case.
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