Serving Ramsey County, Hennepin County, Dakota County, Scott County, Anoka County and all of Minnesota
Facing Foreclosure in Minnesota?
Facing foreclosure can be more easily handled with the help of a Minnesota foreclosure defense lawyer. Neff Law Firm, P.A., has experienced Minnesota attorneys who have helped many homeowners facing foreclosure and other debt related problems. Homeowners need to understand that the law allows for the foreclosure on a home under certain circumstances. If the foreclosure goes through the homeowner may expect that the home will be sold through the foreclosure process at an auction. There is a right of redemption. This is a period of time during which the homeowner may regain ownership of the home provided the homeowner can redeem the property, that is, pay the amount of the winning bid, plus interest and other costs and expenses incurred in connection with the sale. Situations where there is the threat of loss of a home through foreclosure may be complicated so that it is helpful for homeowners to have the legal assistance of a Minnesota foreclosure prevention lawyer.
Homeowner's Legal Rights in Foreclosure
Homeowners have legal rights when facing foreclosure. It is critical that any person facing foreclosure have all of the underlying paperwork on the home to review when facing foreclosure. Because many times the documentation is complicated it is helpful to get assistance from a Minnesota foreclosure defense attorney who can evaluate it for the homeowner. It is also very important that the homeowner prepare a timeline for when events may take place in the foreclosure situation. The homeowner should also consider trying to resolve any outstanding disputes with the lender if possible. While trying to resolve these financial matters the homeowner should understand his or her rights in foreclosure and or redemption. This means there should be an understanding of all underlying documents including a deed of trust or a mortgage. Homeowners should understand that if the home were sold at auction they would not automatically be released from all financial responsibility. Minnesota does allow for deficiency judgments, which could include the difference between what the homeowner owes and what is realized at a foreclosure sale. Further, the foreclosure of one mortgage, line of credit or other lien secured by the property, does not release the homeowner from his or her obligation to pay other mortgages, lines of credit or other debts secured by the home.
Foreclosure Documents
A homeowner facing foreclosure must review all papers related to the property including all primary security instruments such as a deed of trust or mortgage and all subsequent refinancing documents. In looking at these documents he or she should be careful review any power of sale clause. Homeowners must understand the specific time, place, and the way a sale should be handled if set forth in the document. Consumers must also keep all documents that they get from the lender or other individuals related to the house such as notice of default, notices of failure to pay mortgage, letters, notice of sale, information from the lender or other related documents.
Legal Help for Debtors
A Minneapolis lawyer from the Edina office or St. Paul lawyer from the Roseville office of Neff Law Firm, P.A., is available for consultations with debtors at a convenient time and place. These experienced Minneapolis and St. Paul attorneys understand not only the law but how to properly use it if possible to help debtors with the legal problems they may face. For over twenty-three years skilled and caring Minneapolis attorneys from Neff Law Firm, P.A., have provided legal assistance to consumers with legal matters ranging from simple to complex in the areas the firm concentrates on. Neff Law Firm, P.A.'s, experienced attorneys know how to diagnose legal problems and find solutions. These experienced Minnesota lawyers may assist a debtor with not only foreclosure difficulties but other legal case types such as bankruptcy, criminal, employment, or civil litigation. Whether a consumer has a single or multiple legal problems he or she is facing these skilled lawyers stand ready to potentially help a consumer to try to get a resolution to the difficult situation.
Minnesota Stop Foreclosure Lawyer
Need a Minnesota Lawyer?
Consumers who are considering legal help with foreclosure and/or other debt difficulties may set up an in person conference with an experienced Minnesota stop foreclosure lawyer at the Hennepin County office in Edina or Ramsey County office in Roseville office of Neff Law Firm, P.A., by calling the central scheduling telephone number of (952) 831-6555.
