At LMB Partners, we provide comprehensive legal services to navigate the complexities of real estate foreclosures. Whether you are a lender seeking to enforce your rights or a homeowner facing the risk of foreclosure, our experienced attorneys are dedicated to protecting your interests and achieving the best possible outcomes. We offer tailored solutions and expert guidance to address all aspects of the foreclosure process.

Our Services

1. Foreclosure Representation for Lenders

• Initiating Foreclosures: Assisting lenders in initiating foreclosure proceedings, ensuring compliance with state and federal laws, and preparing all necessary documentation.

• Judicial and Non-Judicial Foreclosures: Representing lenders in both judicial and non-judicial foreclosure processes, tailoring our approach to the specific requirements of each case.

• Post-Foreclosure Actions: Handling post-foreclosure actions, including deficiency judgments and the disposition of REO (Real Estate Owned) properties.

2. Foreclosure Defense for Homeowners

• Loan Modifications: Assisting homeowners in negotiating loan modifications with lenders to make mortgage payments more affordable and avoid foreclosure.

• Short Sales: Advising homeowners on short sale options and representing them in negotiations with lenders to accept a sale for less than the mortgage balance.

• Deed-in-Lieu of Foreclosure: Facilitating deed-in-lieu of foreclosure agreements, allowing homeowners to transfer property ownership to the lender to avoid foreclosure proceedings.

3. Pre-Foreclosure Counseling

• Financial Analysis: Conducting a thorough financial analysis to assess the homeowner’s situation and identify viable alternatives to foreclosure.

• Foreclosure Avoidance Strategies: Developing and implementing strategies to avoid foreclosure, including repayment plans, forbearance agreements, and refinancing options.

4. Foreclosure Litigation

• Defending Foreclosure Actions: Representing homeowners in foreclosure litigation, challenging improper foreclosure practices, and asserting defenses to delay or prevent foreclosure.

• Lender Representation: Representing lenders in contested foreclosure actions, ensuring legal compliance and protecting their interests in court.

5. Bankruptcy and Foreclosure

• Chapter 7 and Chapter 13 Bankruptcy: Advising homeowners on the impact of bankruptcy on foreclosure proceedings and assisting with filing for Chapter 7 or Chapter 13 bankruptcy to halt foreclosure.

• Automatic Stay Protection: Utilizing the automatic stay provision in bankruptcy to temporarily stop foreclosure actions and develop a plan to resolve mortgage arrears.

6. Post-Foreclosure Assistance

• Deficiency Judgments: Advising clients on deficiency judgments, which may require homeowners to pay the difference between the foreclosure sale price and the mortgage balance.

• Credit Restoration: Assisting clients in understanding the impact of foreclosure on their credit and providing guidance on steps to restore their credit post-foreclosure.

7. Foreclosure Mediation

• Mediation Services: Facilitating mediation between lenders and borrowers to explore alternatives to foreclosure and reach mutually agreeable solutions.

• Settlement Negotiations: Negotiating settlements that can help homeowners stay in their homes or transition out of homeownership with minimal financial impact.

8. Real Estate Owned (REO) Property Management

• REO Property Disposition: Assisting lenders with the management and disposition of REO properties, including sales, auctions, and property maintenance.

• Title and Eviction Issues: Resolving title issues and handling eviction proceedings for REO properties to ensure clear ownership and marketability.

9. Compliance and Regulatory Guidance

• State and Federal Compliance: Ensuring compliance with state and federal regulations governing foreclosure processes, including the Fair Debt Collection Practices Act (FDCPA) and the Homeowners Protection Act (HPA).

• Regulatory Updates: Keeping clients informed of changes in foreclosure laws and regulations that may affect their rights and responsibilities.

10. Investor and Purchaser Representation

• Foreclosure Auction Representation: Representing investors and purchasers at foreclosure auctions, providing due diligence, and ensuring compliance with bidding procedures.

• Post-Purchase Legal Support: Assisting with post-purchase issues, including title searches, property rehabilitation, and resale or rental of acquired properties.

At LMB Partners, we are committed to providing exceptional legal services for all aspects of real estate foreclosures. Our goal is to offer practical solutions, protect our clients' rights, and achieve favorable outcomes in every case. Contact us today to learn how we can assist you with your foreclosure-related needs.