Foreclosure is when homeowners lose their homes to foreclosure by paying the missed mortgage or other debts. Foreclosure can be a very traumatic experience, and there are many ways to fight back against it. This blog post is designed to help homeowners in Honolulu understand their options and to help them take the necessary steps to protect their homes.
Get Legal Help
If you are facing foreclosure in Honolulu, there is no need to be alone. Many organizations can help get your case resolved quickly and without any difficulty. Legal aid societies provide free legal advice and representation to low-income individuals affected by the foreclosure crisis.
Contact a Lawyer
The first step is to contact a lawyer. A lawyer can provide valuable guidance on how your case may be resolved and help negotiate settlement options with the lender or mortgage company. The cost of legal is based on the location and severity of the allegations, but attorneys typically charge a few hundred dollars for a consultation.
Attend a Foreclosure Workshop
Another option is to attend a foreclosure workshop. These workshops offer education on the foreclosure process and tips on how to fight back against it. Workshops typically last several hours and can provide valuable information you can use in your case.
File for Chapter 13, Bankruptcy
If you cannot resolve your foreclosure case through legal means, consider filing for Chapter 13 bankruptcy. This type of bankruptcy is designed specifically to help homeowners who are facing foreclosure.
Chapter 13 provides temporary relief from most creditors while the homeowner continues working on a repayment plan that will eventually rid them of their debt. Fighting foreclosure can be a difficult and frustrating process. However, with the help of an experienced lawyer, you can resolve your situation quickly and without further damage.
Make a cash offer
If you cannot resolve your foreclosure through legal means, you can make a cash offer
to the lender or mortgage company. This offer is typically made in exchange for dropping the foreclosure lawsuit. Cash offers can be difficult and expensive to pull off, but they can sometimes result in a resolution that is better than what you would receive through legal proceedings.
Appear in court
You may want to appear in court if you have been served with a foreclosure lawsuit. This is the first step in the legal process, allowing you to ask the judge for relief from your mortgage or loan. If you cannot pay your bills, appearing in court can help ensure your mortgage is transferred to another party so you can continue paying it.
Fighting foreclosure can be difficult and frustrating. However, with the help of an experienced lawyer, you can resolve your situation quickly and without further damage.
At We Buy Your Home Hawaii, we are a state-licensed real estate broker and can help you find a buyer or seller for your home. We offer a free, no-obligation consultation to see if we are the right company for you. Give us a call at 808 515 8355, and let us help you fight back against foreclosure in Honolulu.