Remove experience
article thumbnail

Foreclosures in Indiana on the Rise

Sawin & Shea

With the COVID-19 foreclosure moratoriums over, housing foreclosures are once again on the rise nationally. In fact, in September of 2023, we saw home foreclosures on the rise by a whopping 18.4% Foreclosures in Indianapolis have also been increasingly more common. from this time last year.

article thumbnail

Will a Loan Modification Stop Foreclosure?

Sawin & Shea

There are few life events as stressful as a foreclosure. However, there are ways to prevent foreclosure, even if you can’t afford your mortgage payments. In this blog, we’ll share details about loan modification, who is eligible, how to obtain one to stop foreclosure, and how a lawyer for foreclosure can help.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can You Use a Bankruptcy to Stop a Foreclosure?

Sawin & Shea

If you’re considering filing for bankruptcy, you’re not alone; roughly 375,000 people filed for bankruptcy in 2022, and home foreclosure filings rose 115% in 2022 over the number of foreclosures in 2021. The good news is that homeowners can get back on their feet and keep their homes with various options to stop foreclosure.

article thumbnail

Common Defenses in Mechanic’s Lien Foreclosure Cases

FFGN COLLECT NY

Anyone who has a lien on the property can join in on your mechanic’s lien foreclosure action which could include the general contractor and other subcontractors/suppliers. Common Defenses and Counterclaims That Arise During Mechanic’s Lien Foreclosure Cases. Crossclaims That Arise During Foreclosure Cases.

article thumbnail

Building Successful Collections Teams: Strategies for Recruitment and Growth

Qualco

Understanding concepts like legal notices, lawsuits, executable orders, foreclosure and auction is necessary for those working in the legal stages of collections. What to look for when putting together an effective collections team An effective collections team benefits from including members from diverse backgrounds and experiences.

article thumbnail

Navigating Mortgage Servicing Through the Slow-Moving Homeowner Assistance Fund

Troutman Sanders

A couple issues servicers may experience are: 1) requirements to pause foreclosure proceedings in certain instances, and 2) increased borrower disputes due to the complexity and delays in the state programs.

article thumbnail

Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 8: Post-COVID-19 Considerations for Lending in the Hospitality Industry

Jimerson Firm

We have explored pre-foreclosure loss mitigation options ( Part 2) ; commercial mortgage default options including acceleration and enforcement of personal guarantees ( Part 3 ); and assignment of rents under Section 697.07, Florida Statutes (Part 4 ). Part 2: Pre-Foreclosure Loss Mitigation Options. Avoiding Lender Liability.