Types of Foreclosure
Paralyzed by Foreclosure?
The Minnesota stop foreclosure lawyers at Neff Law Firm, P.A., have over fifty years combined experience helping homeowners faced with foreclosure. These experienced Minneapolis and St. Paul foreclosure defense attorneys understand how to help homeowners dealing with impending foreclosure. Homeowners in Minnesota who find that they face the threat of foreclosure should not allow themselves to be paralyzed by despair over the threat of foreclosure, but instead move forward to a positive action to try to prevent it. Each state has its own foreclosure laws so it is important that the consumer make sure he or she knows all applicable laws for the relevant state where the land is located. The threat of foreclosure can be addressed in a helpful manner by seeking out an evaluation by a Minnesota foreclosure defense lawyer from Neff Law Firm, P.A., who can go over all relevant documentation and help a consumer evaluate what steps may be available to end the threat of losing a home.
Foreclosure in Minnesota
Generally, homeowners in Minnesota face the loss of a home through either a judicial order a nonjudicial foreclosure process. A judicial foreclosure requires the lender to go to court to get the right to foreclose on a home. In a nonjudicial foreclosure the lender may have the house sold without going to the court. The right to do so may be given in the underlying paperwork such as in the mortgage itself. In Minnesota, a great many foreclosures are done through nonjudicial foreclosure proceedings. This type of nonjudicial foreclosure is generally based upon the borrower signing a mortgage that contains a power of sale clause that gives the lender the right to move to foreclose through a nonjudicial procedure. This nonjudicial procedure may generally take anywhere from 60 to 90 days to process and may under certain circumstances be stopped at any time. Consumers should make sure to thoroughly review all the underlying paperwork that the lender is using to support the foreclosure. There can be mistakes or information in documents that are used to support a nonjudicial foreclosure that may give a defense to a homeowner. An experienced foreclosure prevention lawyer can be of great assistance to a consumer in dealing with this type of situation.
Buried in Debt?
Need Bankruptcy Information?
Homeowners experiencing foreclosure often are buried in debt. Besides being behind with house payments they may have other pressing bills as well including medical expenses, credit card bills and car payments. Ignoring these financial obligations may worsen the situation. Failing to pay creditors may lead to a lawsuit against the debtor. A lawsuit may act as a basis for a judgment in civil court against the debtor. The judgment may be utilized by a creditor to seizure certain of a debtor or garnish his or her wages. Homeowners facing foreclosure can explore a form of debt relief to address possibly more than foreclosure by having an evaluation of their right eligibility to file bankruptcy. Homeowners facing foreclosure, harassing creditors and/or lawsuits should consider legal assistance from an experienced Minnesota lawyer who may be able to provide legal guidance. An experienced Minneapolis bankruptcy lawyer at the Edina office or St. Paul bankruptcy lawyer at the Roseville office of Neff Law Firm, P.A., can help a homeowner evaluate his or her eligibility for filing a bankruptcy to get debt relief.
Bankruptcy Help with Foreclosure
Can Bankruptcy Help a Homeowner Facing Foreclosure?
Filing bankruptcy can help a homeowner facing foreclosure. Each situation must be individually evaluated, however, to determine eligibility for bankruptcy relief and whether it is the best way to address a financial situation. A meeting with an experienced Minneapolis bankruptcy lawyer from Neff Law Firm, P.A., may be helpful in assessing how best to deal with a foreclosure and/or other debt problem.
Experienced Legal Help
Neff Law Firm, P.A., has offered legal help to people in the Minneapolis and St. Paul areas for over twenty-three years. The law firm has experienced Minneapolis lawyers at its Edina office and experienced St. Paul lawyers at its Roseville office who can assist consumers with many different types of legal services including foreclosure problems, bankruptcy, criminal, business, civil litigation and other types of legal cases as well.
Experienced Minnesota Bankruptcy Lawyers
Need a Bankruptcy Lawyer?
Homeowners facing foreclosure and/or in over their head with unpaid bills can set up an in person conference with an experienced Minneapolis Bankruptcy lawyer at the Edina office or an experienced St. Paul bankruptcy lawyer at the Roseville office of Neff Law Firm, P.A., by calling the central scheduling telephone number of (952) 831-6555.
