Mortgage and land contracts have, more than often, lengthy repayment periods and along the way, life can throw unexpected punches that make your monthly mortgage payment simply unaffordable. When that happens, payments are made behind schedule or not at all and the bank begins a foreclosure action. Believe it or not you, the owner, have rights in the foreclosure process. Our Firm has helped direct many clients to a solution that best fits their current needs, whether that means renegotiating the term or interest rate of your loan with the bank in order to keep your beloved home or finding a method to escape the entire mess without excess expense.
Power, Little, Little, & Little has also served the needs of the bank and/or land contract seller who need the process to move as quickly and seamlessly as possible. Foreclosure actions can take years to complete and there are many pitfalls that can occur along the way which complicate the process such as Chapter 7 and 13 bankruptcies, settlement conferences and ordered court mediations. Our Firm can direct you through these possible problems and keep your foreclosure on track.
Regardless if you are a creditor or the homeowner, Power, Little, Little & Little can help answer any questions you may have through an initial consultation.