Franklin Foreclosure Defense Lawyers

Foreclosure Defense for Clients throughout Middle Tennessee

 In order to understand or stop foreclosure proceedings on your home in Tennessee, it is important to understand the provisions and clauses in your mortgage or deed of trust agreement. The state of Tennessee allows both power-of-sale non-judicial and judicial foreclosure proceedings. To mount any kind of foreclosure defense, you have to know the specifics of your particular lender agreement. For legal assistance with a defense of an impending or potential foreclosure on your home, talk to a Franklin foreclosure defense attorney at our firm as soon as possible. There are legal solutions to stopping a foreclosure and defending yourself in any foreclosure proceeding. Our firm serves prospective clients throughout middle Tennessee, including Williamson County and the cities of Centerville, Lawrenceburg, Lewisburg, Columbia, college Grove, Fairview, Spring Hills, Brentwood, and Franklin.

Foreclosure Defense in Middle Tennessee

There are several avenues you can try as a homeowner to stop or forestall a foreclosure on your home. The first step is to initiate communication with your lender if you are about to go into default on your home loan. You may be able to get a forbearance period, during which you are allowed to miss making your mortgage payments or may make partial payments, generally for a few months while you are getting back on your financial feet. You may also be able to get a loan modification of your existing mortgage, adjusting the terms to make the payments more affordable. Or you may be able to refinance your existing mortgage, obtaining better rates or terms as well. All of these options may be initiated on your behalf with the assistance of a Williamson County foreclosure defense lawyer at our firm.

Other options in foreclosure defense include state and federal programs offering foreclosure relief and protection of homeowner's rights for which you may be eligible. These programs include the HOPE for Homeowner's Act and the Homeowner's Affordability and Stability Plan. Another plan for handling a foreclosure is to sell your home and use the proceeds to pay off your mortgage. If the value of your home has decreased too much, you may be able to negotiate a pre-arranged transaction with your lender, such as short sale or deed in lieu of foreclosure which gets you out from under a mortgage you can no longer pay while avoiding a formal foreclosure. You may also stop a foreclosure, temporarily, by filing for bankruptcy which imposes an automatic stay on all collection attempts and foreclosure proceedings, regardless of what stage they have reached.

To find out what type of foreclosure defense is best for your needs, contact a Williamson County foreclosure defense attorney to discuss the specifics of your foreclosure situation.