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Foreclosure
Information
Toledo
Attorney (lawyer), providing professional
Bankruptcy & Foreclosure
legal services in Toledo, Northwest Ohio
and Southeast Michigan.
 When
a borrower has become what the lender deems as
habitually delinquent in their mortgage payments,
the lender may legally seek to foreclose on
the home or property.
The
lender begins this process by be petitioning the
court in a judicial foreclosure proceeding
where the court will issue a it's ruling and final
judgment of a foreclosure legal claim.
The
mortgage documents are filed to evidence the
underlying debt and terms of repayment, which is set
forth in the note.
A
complaint is filed in county court along with what
is known as a lis pendens, which is a recorded
document that provides public notice that the
property is being foreclosed upon. After
the court has ruled in favor of the lender, the
property may then be sold as part of a publicly
noticed sale or auction.
The
foreclosure process generally takes approximately
150-180 days to effectuate an uncontested foreclosure,
depending upon the court schedule. This process may
often be delayed if the borrower chooses to contest
the foreclosure action, seeks delays and
adjournments of hearings, or files for
bankruptcy.
The
defendant, or borrower, has a specific period of time to
respond to a foreclosure complaint (notice) which
has been fired with the court. Typically this is 28 to
30 days. Failure to respond in the prescribed period of
time may result in a foreclosure approval by
default, in favor of the lender.
While many
individuals or families choose to leave the home
immediately after a home has been foreclosed
upon, those who do not may be immediately evicted or
even escorted from the premises with the aid of law
enforcement personnel.
The foreclosure process can be very traumatic, especially
when you are not fully aware of your legal rights, which may
include options which may allow you to keep your home and
stop the foreclosure process.
You should not
take any legal issue lightly. Protect your
legal rights.
Contact Dennis
Strong Law today to speak to an experienced Toledo Foreclosure Attorney (lawyer). Call
Toll Free:
1 (888)
887-9507
or fill out and submitting our
online submission form.
Toledo
Bankruptcy & Foreclosure Attorney (lawyer), providing professional
Bankruptcy & Foreclosure
legal services in Toledo, Northwest Ohio
and Southeast Michigan.
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Areas of Practice:
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Bankruptcy Overview
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Chapter 7 Bankruptcy
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Chapter 13 Bankruptcy
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Foreclosures
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Credit Card Debt Relief
Additional Information:
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Bankruptcy Representation
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Foreclosure Information
Strong Law
Attorney Dennis Strong
5600 Monroe Street
Sylvania, OH 43560
Toledo Office:
4235 Barbara Drive
Toledo, OH 43623
Phone: (419) 885-8877
Fax: (419) 885-0665
Toll Free:
(888) 887-9507
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