Home Foreclosure Attorneys Baton Rouge

Stop Avoid Foreclosure Lawyers Louisiana

The state of the real estate market in Louisiana and throughout the country has led to an increase in instances of home foreclosure. Unfortunately, many families have taken on mortgages that have become more than they can afford and home foreclosure is looming. At the Rowe Law Firm, our lawyers pride themselves on being advocates who can help homeowners determine the best way in which to handle their situation.

If you have received a notice of foreclosure, or even have been threatened with foreclosure, it is important to get in touch with our firm as soon as possible. The sooner we can become involved, the sooner we can put a stop to the foreclosure or arrange a way in which to avoid the home foreclosure. Some of the ways that we may be able to avoid foreclosure are listed below.

Loan Modification

Recently, lenders have been realizing the number of their borrowers that are underwater. They have started to offer loan modifications in order to continue to have the borrower pay on the loan, but at a lower rate. Many homeowners who have adjustable rate mortgages (ARMs) can benefit from modifying their loan and potentially making it into a fixed-rate mortgage.

Short Sale

A short sale may be an option when a lender or bank agrees to discount a loan balance due to a borrower's economic hardship. Lenders often allow this when it will result in a smaller financial loss than a foreclosure. This may not allow you to keep your home, but will prevent you from incurring more debt and credit problems that a home foreclosure may cause.

Deed in Lieu of Foreclosure

A deed in lieu of foreclosure is a certificate that states that a borrower conveys all interest in the property in question to the lender in order to satisfy the defaulted loan. Once the deed is signed, foreclosure is avoided, though the borrower may not keep the home. A deed in lieu of foreclosure can be beneficial to the borrower since the document releases the borrower from all or most of the debt that is connected with the loan.

Dedicated and effective real estate legal representation.

You have options for putting a stop to or avoiding foreclosure. An attorney at the Rowe Law Firm can review your situation to determine the best way in which to pursue a resolution. Contact our office by phone at (225) 293-8787 or toll free at (877) 335-7910 to arrange for your confidential consultation.