CINCINNATI FORECLOSURE LAWYERS

What is foreclosure? When a homeowner fails to make mortgage payments on their property, the lender holding the property title can repossess the house and sell it; this process is bank foreclosure. The house is now a foreclosure home. Foreclosure real estate listings are advertised for quick sale, usually at a reduced price. Delinquent tax payments can also put owners at risk of losing their property. These properties are sold by the county for back taxes.

House foreclosures are at an all-time high. Over one million borrowers who have fallen on hard times are unable to make mortgage payments. Property owners fearful of losing their homes are easy targets for foreclosure rescue operators who pose as helping hands, but actually intend to assume ownership of homes illegally or at bargain prices and resell them at a substantial profit. Elderly property owners often fall victim to these scams.

If you find yourself in financial straits and have missed one or more mortgage payments, you need to talk to our foreclosure attorneys immediately, if not sooner. The Ohio law firm of O’Connor Acciani & Levy Co., LPA employs a knowledgeable staff of foreclosure attorneys who will evaluate your situation at no charge.

We can also help if you have been victimized by foreclosure fraud. Our foreclosure lawyers have dealt with both lenders and unscrupulous foreclosure agents, and will advise you of all the options available to you. Call today to set up an appointment: 513-241-7111 or contact us via email.

Here is a typical story of how foreclosure fraud happens: A property owner who has missed several mortgage payments, contacts an agency that advertises help in avoiding foreclosure. The foreclosure agency offers to take over ownership of the house, which is now at risk of being repossessed by the lender.

In exchange for the title to the house, the operator promises to rent the home to the former owner until they are able to buy it back in a few years. These situations often end with the operator selling the house to the highest bidder, and evicting the former owner.

Sometimes foreclosure operators represent themselves as consultants, and offer to renegotiate mortgage terms with the lender. “Foreclosure Consultants” often have the homeowner sign a lot of documents, and owners may unknowingly sign over ownership of their home in this process.

Although lenders have the legal right to assume ownership of homes with delinquent loans, this is an expensive and lengthy process. Most lenders would prefer to work out a payment plan with the homeowner, if possible, rather than accumulate foreclosure real estate.

Foreclosure lawyers at O’Connor Acciani & Levy Co., LPA have successfully negotiated payment arrangements with lenders and are standing by to help you. Stop foreclosure by calling to speak with a foreclosure attorney today at 513-241-7111 or contact us via email.

COURT COSTS AND CASE EXPENSES WILL BE THE RESPONSIBILITY OF THE CLIENT