Cleveland Foreclosure Lawyer

Foreclosure Defense Backed by a Bankruptcy-Focused Firm

The threat of foreclosure is one all too many families in Ohio are facing in these difficult economic times. It can be difficult to know what steps you can take to avoid or stop a foreclosure and save your home.

If you are facing a foreclosure, reach out to our foreclosure attorneys as soon as possible. At Knevel Law Co. LPA, our experienced lawyers can examine available options in your foreclosure defense case.

We focus exclusively on consumer bankruptcy. Thanks to our sole focus on bankruptcy, we are able to dedicate all of our time and effort to tirelessly representing our clients in Cleveland, Akron, Canton, Elyria, and Garfield Heights. When you meet with our Cleveland foreclosure attorneys for a free consultation, we can discuss your specific financial situation, the pending foreclosure of your home, and how bankruptcy may be a solution.

Threatened with foreclosure? Call Knevel Law Co. LPA at (216) 450-6689 for assistance. Our Cleveland foreclosure lawyers have 50+ years of combined experience.

Understanding Foreclosure in Ohio

In Ohio, foreclosure can take anywhere from six months to two years. It starts with the preforeclosure period, which means being charged late fees and receiving a breach letter. Servicers typically provide loss mitigation opportunities, but if you are unable to resolve the matter, the judicial foreclosure begins when the lender serves you a summons and complaint.

You may have the option to respond in court, receive special protections (if applicable), or pay off the loan. If you do not respond, you may receive a “default judgment” and the foreclosure sale may begin. Your legal rights in the property can change after the sale is confirmed and a writ of possession is issued to the buyer. If you choose to respond, then the case can go through the litigation process.

Ohio uses a judicial foreclosure process, meaning the lender must file a court action to proceed.

Foreclosure Defense Strategies

Did you know that filing for bankruptcy may help address foreclosure on your home? Filing for chapter 7 or chapter 13 bankruptcy may be able to stall a foreclosure, depending on your eligibility and circumstances.

By filing for bankruptcy, you may be able to:

• Modify your home loan
• Make regular mortgage payments

Generally, a Chapter 13 bankruptcy may be considered over a Chapter 7 for addressing foreclosure. This is because while a Chapter 7 may temporarily pause foreclosure proceedings through the automatic stay, lenders may ask the court to lift that stay before the bankruptcy concludes. Courts may grant those requests when a borrower is behind on mortgage payments.

In comparison, a Chapter 13 bankruptcy may allow you to include your missed mortgage payments in your repayment plan. This may allow you to repay your mortgage arrears over the three to five-year Chapter 13 payment plan period, and may help you keep your home from foreclosure, provided you remain eligible and continue to meet your obligations. The right chapter depends on your income, assets, total debt, and ability to maintain future mortgage payments.

If you are feeling anxious about the possibility of losing your home, you are not alone. Our foreclosure attorneys have filed thousands of bankruptcy petitions and understand the law in regard to foreclosures in Ohio.

We want to protect your rights and help you to keep your home if possible. Don’t hesitate to contact our firm as soon as possible in order to learn more about the options available to you. Call (216) 450-6689 today.

Local Foreclosure Defense Support in Cleveland, Ohio

In Cleveland, the threat of foreclosure is a pressing concern for many families. Local resources such as the Cleveland Housing Network provide valuable information and assistance for homeowners facing financial difficulties. These programs and referrals can be a helpful starting point, though they don’t replace individualized legal advice about a pending foreclosure case.

Cleveland homeowners may face different procedural questions depending on whether they are still in preforeclosure, responding to a filed complaint, involved in mediation, or approaching a sheriff’s sale. Factors like rising living costs or unexpected medical expenses can lead to missed mortgage payments and the looming threat of foreclosure. Our attorneys are well-versed in Ohio foreclosure law and can provide tailored strategies to help you respond to your specific situation.

By reaching out to us, you can learn which options may be available to you, including bankruptcy and other defenses. We are committed to helping you explore every available path during these trying times. Don’t let the fear of losing your home overwhelm you; let us guide you through the process with compassion and understanding.