Foreclosure Defense

Your home is your most valuable asset, and you obviously want to do everything within your power to protect it. If you find yourself struggling with debt, foreclosure may seem like the only viable option. This is not the case. At Todd Cushner & Associates, our foreclosure defense experts can help you keep your home, simultaneously enabling you to successfully get out from under your debt.

What Is Foreclosure?

Essentially, foreclosure is what can happen if you fall far enough behind on your mortgage payments, giving your lender or bank the ability to repossess your home. At times, unpaid property taxes can also lead to the foreclosure of your home. During the foreclosure process, the lender or bank may repossess your home in order to resell it to get back some or all of the money owed on the property.

When you first signed your mortgage agreement, you had reached a point in your life during which you felt that you could make your payments on time for the foreseeable future. And with the help of a credit report and other financial data, your mortgage lender concurred. Unfortunately, an unexpected event can easily catch you unprepared, thrusting you into debt by no fault of your own. And if this debt is not handled properly, you may find yourself dealing with the foreclosure of your home.

gavel in front of a model house

Preventing Foreclosure

There are several ways to successfully prevent the foreclosure of your home. And at Todd Cushner & Associates, our team of experts can help you determine and carry out the method with the highest chance of success for your specific scenario.

Forbearance Agreement

Nearly all mortgage lenders offer the option to sign a forbearance agreement. A forbearance agreement puts a temporary halt or reduction on your mortgage payments, usually for a period of up to six months. Depending on your situation, this timespan may be enough to help get you back on firm financial ground, enabling you to continue making timely mortgage payments afterward. A good forbearance agreement will allow you to repay what you owe at the end of your mortgage loan term. At Todd Cushner & Associates, we can work with you to help ensure your forbearance agreement acts in your favor, empowering you to get out of debt instead of keeping you in it.

man's hand knocking over a stack of blocks that spell debt

Filing for Bankruptcy

The six months of relief provided by a forbearance agreement is not always enough time to get you to a position in which you can comfortably continue paying off your mortgage. Fortunately, successfully filing for bankruptcy can provide you with the debt relief necessary to help you reattain financial stability. At the Law Office of Todd Cushner & Associates, we give all of our clients the personal attention required to help ensure they get everything they are entitled to through bankruptcy. Contact us today to schedule a free consultation so we can help you avoid foreclosure while paving a path toward financial freedom.

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