Shelton Foreclosure Lawyer

Shelton Foreclosure Attorney

If your home is facing foreclosure in Shelton, Connecticut, you have legal options available to you outside of filing for bankruptcy, depending on your financial situation and your bank’s willingness to work with you. Speak with Attorney Tim Pletter, a Shelton foreclosure lawyer, to understand your options. He will review your case and determine which legal option is recommended for you.

Over the past several years, there were fewer foreclosures because the government was providing financial assistance due to COVID, however, that assistance is now over and people in Connecticut are once again at risk of losing their home in foreclosure.

This leaves some families feeling uncertain over their future. Don’t allow your beloved home to get lost because of bank delays, unmet promises, or false hope to homeowners who need actual legal assistance.

It is crucial to speak with an attorney like Tim Pletter who knows how to use these options in your favor.

Legal Options to Save Your Shelton Home From Foreclosure

When facing home foreclosure in Shelton, Connecticut, you have the following options:

• Chapter 13 bankruptcy: Filing Chapter 13 bankruptcy is one of the strongest legal options to avoid a foreclosure, as it immediately triggers an automatic stay, halting foreclosure on your home. Chapter 13 allows you to begin repayment of your mortgage while eliminating or reducing unsecured debts. Additionally, Chapter 13 may remove secondary mortgages under very specific circumstances.
• Court mediation: Connecticut’s Foreclosure Mediation Program is designed to assist homeowners and lenders in reaching a mutually agreeable resolution known as a loan modification. To participate, homeowners must file a Foreclosure Mediation Certificate within 15 days after the return date on the summons. Attorney Tim Pletter will make sure you adhere to this timeline to ensure eligibility. Successful mediation requires the legal knowledge and counsel of an experienced Shelton Foreclosure Lawyer. Attorney Tim Pletter will gather appropriate documentation, and work with the banks to modify your mortgage and save your home from foreclosure or get you the time that you need to sell your home.
• Government programs: Government programs, such as those offered by the Connecticut Housing Finance Authority (CHFA), provide counseling and assistance to homeowners facing foreclosure. Engaging with these programs offers some benefit, but it’s important to let a knowledgeable Shelton Foreclosure attorney guide you in the best strategies.
• Loan modification. Another option is to seek a home loan modification, as it will allow you to modify the terms of your current mortgage so that you can reduce your monthly payments. With a bank-approved modification, you may be able to accomplish some or all of the following:
  • Modify your interest rates
  • Bring your loan payments up to current by rolling the arrearage or missed payment into the principal of your loan or allow a balloon payment at the end of your loan.
  • Extend the term of your loan
  • Reduce the principal you owe on the house

If your mortgage company in Shelton, CT is unresponsive to discussing options, particularly a home loan modification, the team at Ambrogio, Pletter & Associates, LLC will help you execute the appropriate strategy, avoid foreclosure, and get your payments under control.

Know More About Foreclosure and Mortgage Modifications With Attorney Tim Pletter

FAQs About Shelton, CT Foreclosure Laws

How Much Does a Foreclosure Lawyer Cost?

Financial strains and insurmountable debt led to the threat of foreclosure, so Attorney Tim Pletter understands that resolving these problems should not lead to more strain. While the complexity of your foreclosure case can impact the overall fees, our team offers a flat rate service that we discuss during an initial consultation. This first consultation is completely free, and we will assess your budget and present a payment plan that is affordable.

Can Short Sales Help a Foreclosure Situation in CT?

Because the team at Ambrogio, Pletter & Associates, LLC practices both debt relief and real estate law, we have several skills that we employ when negotiating short sales. Short sales are necessary when someone wishes to sell their home but owe more than the house is actually worth. This process allows your mortgage to close by selling the home for whatever you can get even if it is less than you owe.

How Long Does Foreclosure Take in CT?

The foreclosure process can be long and complicated. The finances involved, the complexity of your case, and the option you choose for relief will all impact this timeline. Your attorney can either speed the process or slow it down depending on your goals.

How Does Being an Active Military Member Affect a Foreclosure?

In some situations, active members of the United States military are protected against a home foreclosure under the Servicemembers Civil Relief Act. Your lawyer will look at your specific situation and determine if this applies to your case. If you do not meet the eligibility requirements for the Servicemembers Civil Relief Act, your lawyer will help you pursue another strategy against foreclosure.

Speak With a Trusted Connecticut Foreclosure Lawyer Today

If you are facing a home foreclosure in Shelton, Connecticut, the team at Ambrogio, Pletter & Associates, LLC is here to help. We understand how difficult these legal situations are, as they threaten to take away your home and shelter. Contact our offices today to learn more about our services and schedule your initial free consultation.