Bankruptcy Attorney in Media, PA Provides Aggressive Mortgage Foreclosure Defense

Protecting you when you fall significantly behind in your mortgage payments in Delaware and Chester counties

Many people are unsure what to do when they fall behind on their mortgage. The most critical things you can do are to learn your legal rights and develop a plan. Our attorneys at David R. Black’s Bankruptcy Legal Group, a division of Black & Associates, P.C., help homeowners in distress. We fight to keep you in your home through tailored plans and innovative solutions.

What are default judgments in Pennsylvania?

When you miss several payments on your mortgage (or even one, depending on the terms of your contract), you have defaulted on your loan. Since Pennsylvania is a judicial foreclosure state, your lender must file a petition with the court requesting a hearing to ask a judge to issue a judgment that you are, in fact, in default. Upon receiving that judgment, your lender can begin the foreclosure process.

The lender must send you a notice of the foreclosure hearing so you can contest the foreclosure in court. That gives you a brief window of about 30 days in which to act. For late mortgage payments, you can try to stop foreclosure by working with the lender, catching up on missed payments, or filing bankruptcy

Our law office has helped clients avoid a default judgment by working with lenders. We know the governmental programs, such as loan modifications and short sales that can help you. A default judgment can take away your home. Having dedicated legal counsel protects your rights.

An overview of foreclosure alternatives

If your mortgage lender forecloses, our attorneys prepare a strong defense. For many homeowners, foreclosure defense buys time. Sometimes, time is all you need to get back on your feet and keep your home. Our attorneys discuss each option and how it affects your credit rating. Time affords you the opportunity to execute options, such as:

  • Refinancing — If you have been served with a foreclosure notice and are making diligent efforts to gain control of the payments, you can seek to refinance, especially if you have equity in the home. Our office is familiar with this option and is dedicated to keeping you in your home.
  • Loan modification — If you owe more than the home is worth, you may be eligible for a loan modification. We zealously work with your lender on your behalf.
  • Short sale — If you cannot refinance, do not qualify for loan modification and do not want to file bankruptcy, a short sale may let you sell your home for less than what you owe, if the mortgage company agrees to that amount — though you may owe taxes on the difference.
  • Bankruptcy – Chapter 13 bankruptcy can provide the mechanism to cure past due mortgage payments directly to the U.S. Bankruptcy Court or if regular income is not available, a Chapter 7 bankruptcy can discharge your liability to the mortgage and any potential deficiency judgment.

You can stop the foreclosure of your home

Contact us to plan your foreclosure defense strategy today. You can reach David R. Black’s Bankruptcy Legal Group, a division of Black & Associates, P.C., at 610-365-1052 or online to schedule a free consultation. Our office is conveniently located half a block from the Delaware County Courthouse, and is accessible by SEPTA, Regional Rail and the trolley. We are available Monday through Friday, 8:30 a.m. to 5:00 p.m., and reachable by phone on weekends and after normal business hours.