Philadelphia Foreclosure Lawyer
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At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.
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In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.
Foreclosure Attorney Philadelphia, PA, Residents Trust
Our foreclosure lawyers in Philadelphia, PA, represent homeowners and commercial property owners facing tax or mortgage foreclosure, and sheriff sale proceedings under Pennsylvania law. The foreclosure defense attorneys at our law firm provide legal defense, negotiate loss mitigation options, and guide clients through the judicial foreclosure process to safeguard homeowner rights and explore alternatives to foreclosure.
For a free consultation with a Philadelphia foreclosure attorney, call 215-545-0008.
Types of Foreclosure in Pennsylvania
Philadelphia Mortgage Foreclosure Defense Lawyer
At Sadek Bankruptcy Law Offices, we realize that it was not your intention to fall behind on your mortgage. Monthly mortgage payments are the highest priority for clients in these areas. Good people can quickly become delinquent on monthly payments for a variety of reasons. Our foreclosure lawyers in Philadelphia, PA, have assisted thousands of homeowners in stopping foreclosure actions and establishing long-term solutions to keep their homes.
Our Philadelphia mortgage foreclosure defense lawyers aren’t simply providing defense for a lawsuit. In foreclosure defense cases, we’re defending the American dream of owning and keeping homes. A number of legal strategies exist for the benefit of homeowners during the process of mortgage foreclosures. The Philadelphia foreclosure attorneys at Sadek Law Offices have the ability to help clients keep their homes for a long time.
If you are behind on your mortgage, have received a Notice of Intent to Foreclose, a Mortgage Foreclosure Complaint, or a Sheriff’s Foreclosure Sale date has been set, it is imperative that you contact a Philadelphia foreclosure lawyer.
Call our office at 215-545-0008 to put our experience and knowledge to work for you.
Philadelphia Tax Foreclosure Lawyers
Tax Delinquency Foreclosure: This foreclosure process generally begins when real estate taxes remain unpaid for two years or more, and the Philadelphia County Tax Claim Bureau schedules an upset tax sale under the Real Estate Tax Sale Law.
Real Estate Tax Liens And Claims: A real estate tax lien is the claim a municipality has for unpaid taxes. Liens include unpaid taxes, interest, and penalties, and they remain attached until the debt is paid or the property is sold.
Upset And Judicial Tax Sale: Upset tax sales are the first auctions where the property is offered at the minimum amount owed (upset price), but liens can remain. If no satisfactory bids are received, the property can proceed to a Judicial Tax Sale, where the court authorizes and can transfer the property free of liens once statutory notice requirements are met.
HOA And Municipal Lien Foreclosure
HOA and municipal lien foreclosure occurs when a homeowner fails to repay homeowners’ association fees, municipal charges, or local service assessments. In Pennsylvania, both HOAs and municipalities can order liens for unpaid amounts and initiate foreclosure to collect the debt. A foreclosure lawyer in Philadelphia can help challenge improper liens, negotiate payment plans, or represent clients in court to prevent loss of their home.
Foreclosure: Commercial Property in Philadelphia, PA
Commercial property foreclosure in Philadelphia occurs when a business owner or investor fails to meet mortgage obligations or other secured debt on commercial real estate, such as office buildings, retail centers, or industrial facilities. Like home mortgage foreclosures, commercial foreclosures in Pennsylvania follow the judicial foreclosure process. This means the lender must file a lawsuit to receive a judgment before sheriff’s sales can occur. A foreclosure lawyer in Philadelphia, PA, can help business owners and investors navigate the foreclosure process, negotiate repayment plans or loan modifications, and identify alternatives such as short sales or deed-in-lieu agreements to minimize financial loss and safeguard business assets.
Judicial Foreclosure Process in Pennsylvania
The Pennsylvania foreclosure process begins when a homeowner defaults on their mortgage payments. In this legal process, mortgage lenders issue a Notice of Default. This shows the intention to initiate foreclosure proceedings. In Pennsylvania, a Notice of Default goes through judicial foreclosure proceedings. The notice provides a timeframe for the homeowner to bring mortgage payments current to avoid foreclosure. If the mortgagor (the person who owns the home) fails to pay the mortgage company, the mortgage company files a foreclosure lawsuit.
In judicial foreclosures, lenders must obtain an order to foreclose. During this period, an experienced Philadelphia foreclosure lawyer can negotiate with lenders, seek loan modifications, or challenge the legality of the mortgage company’s foreclosure to protect the client’s interest.
Once the foreclosure process advances, a Notice of Sale is issued, scheduling the property for auction. Auctions for foreclosure homes are typically held at public venues. Here, properties are sold to the highest bidder. If the home doesn’t sell, it becomes Real Estate Owned (REO) by the lender.
The foreclosure process on general cases can take anywhere from a few months to over a year. Factors such as court schedules, lender efficiency, and homeowner actions can influence the timeline.
After Real Estate Owned by the lender designations or auctions, homeowners must vacate their homes. If the person refuses to leave, the new homeowners can file for an eviction.
Legal representation is crucial throughout the mortgage foreclosure process. An experienced foreclosure defense attorney in Philadelphia, PA, can help clients explore foreclosure alternatives. Such alternatives can include short sales, deeds in lieu of foreclosure, and even bankruptcy. Bankruptcy, specifically, can help you save your home from foreclosure entirely. Understanding Pennsylvania foreclosure laws and obtaining a skilled Philadelphia, PA, foreclosure defense attorney is crucial to working through this complex process and protecting your rights.
A foreclosure lawyer in Philadelphia, PA, from Sadek Bankruptcy Law Offices can help you face foreclosure head-on. We will assist you by offering qualified legal advice and representation to protect your rights and explore options to avoid foreclosure or mitigate its consequences.
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Does my spouse or significant other have to be on the call?
Yes. If you live with your spouse or significant other or share finances in any way with another person, please have that person available so we can best answer all questions pertaining to your situation.
Who will I be meeting with?
You will be meeting with an experienced and trusted debt relief lawyer via phone who practices law in Pennsylvania and New Jersey.
How long is the consultation?
The initial consultation phone call is generally 15-20 minutes long.
How much do legal services cost and is there a payment plan?
You will be given a specific legal fee tailored to your situation at the end of the consultation. Please note, our deposit to hire Sadek Law Offices can be as low as $200.00 and we offer each client a payment plan to make legal services most affordable.
Stop Foreclosure in Philadelphia, PA - Ways to Avoid Foreclosure
A foreclosure lawyer in Philadelphia, PA, can work to negotiate with your mortgage company for lower payments or extend the terms. We also help mortgagors reinstate loans by paying the overdue amount in a lump sum. Another foreclosure defense strategy is filing for bankruptcy.
A Chapter 13 bankruptcy allows homeowners to reorganize debts and create repayment plans. Additionally, a Chapter 7 bankruptcy in Philadelphia provides an automatic stay that stops foreclosure proceedings immediately.
Seeking advice from a foreclosure lawyer in Philadelphia, PA, can help clients choose the best approach to prevent losing their home.
#1
Loan Modification and Loss Mitigation
Loan modification can reduce monthly payments, extend the loan term, or lower interest rates, making the mortgage more affordable. Loss mitigation options also include repayment plans, forbearance, or partial claims, giving borrowers tools to catch up on mortgage arrears while keeping their house.
Contact our foreclosure lawyers in Philadelphia, PA, to learn more.
#2
Pre-Foreclosure Forbearance Plans
Once lenders have initiated foreclosure proceedings but before the mortgage foreclosure takes place, mortgagees may be amenable to postponing a sale based on the reinstatement amount being repaid over a short period of time.
Pre-foreclosure forbearance plans are usually extended up to 6 months. They require regular monthly mortgage payments plus the amount needed to cure all arrearages to be paid within the time agreed upon.
#3
Filing Bankruptcy to Stop Foreclosure
Depending on the financial situation, Chapter 13 bankruptcy may present the best option for avoiding foreclosure. Chapter 13 bankruptcy is a repayment plan and is commonly used to save homes and lower monthly expenses. Here, our Philadelphia foreclosure attorney team files a Chapter 13 plan with the courts. The Chapter 13 bankruptcy plan is later confirmed. This allows the mortgagor to repay mortgage arrears or only cents on the dollar of their unsecured debts, such as credit cards, medical bills, and others. Homeowners can qualify for Chapter 13 bankruptcy protection based on the equity in real estate (house) or on higher income qualifications. For assistance filing Chapter 13 bankruptcy in Philadelphia, PA, contact our foreclosure defense attorneys.
Can I Litigate in Pennsylvania State Court to Stop a Foreclosure?
In the United States, mortgage foreclosures generally follow a judicial foreclosure or non-judicial foreclosure process.
In judicial foreclosures, lenders must file lawsuits in state court to commence foreclosure proceedings. Pennsylvania is a judicial foreclosure state. Here, everything is handled through the state court system via lawsuits. As such, litigation strategies are often an option when facing foreclosure in Pennsylvania. These strategies depend on the specific financial situation at hand.
Sadek Bankruptcy Law Offices is experienced in delivering successful mortgage foreclosure defense in mortgage foreclosure actions through state court litigation. One way our Philadelphia, PA, foreclosure defense attorneys prepare to execute this type of foreclosure defense strategy is under the federal Consumer Financial Protection Bureau rules. These consumer protections require lenders to wait until borrowers are at least 12 days behind on missed payments before they can file in state court to start the foreclosure.
Once individuals receive this notice, seeking the legal services of a foreclosure defense lawyer quickly gives the Philadelphia foreclosure attorney time to explore all potential foreclosure defenses under state law.
Foreclosure defense through state court litigation is generally more effective earlier in the mortgage foreclosure litigation process. Our foreclosure defense commences with filing an Entry of Appearance on behalf of the homeowner in the Court of Common Pleas and filing Preliminary Objections and/or an Answer, Counterclaim to the Foreclosure Complaint.
Contact a foreclosure lawyer in Philadelphia, PA, to determine the best legal defense for your circumstances.
When Is It Too Late to Stop Foreclosure in Philadelphia?
Once the property is sold at auction, it’s generally too late. However, some mortgage companies may still accept payment arrangements or loan modifications up until the sale date. Contacting a foreclosure lawyer in Philadelphia, PA, can provide guidance on last-minute options to potentially halt the process.
Other Alternatives to Foreclosure in Philadelphia, PA
Short Sale: Mitigate Consequences
Foreclosure involves a mortgage lender seizing a property from a borrower when they fail to make payments. This only proceeds if the borrower doesn’t resolve the issue before the auction begins. On the other hand, short sales occur when mortgagors sell properties “short” of the mortgage amount. For example, if a mortgagor owes $100,000 on their home, but they have an agreement of sale stating a purchase price of $80,000.00, a short sale may be a possibility. A short sale has several obstacles. Primarily, it must be approved by the mortgagee. Further, short sales are dependent on the potential buyer receiving a mortgage in order to buy the subject property. If the mortgage lender approves, the mortgagor avoids foreclosure and repays a portion of the loan with the proceeds.
Contact a Philadelphia foreclosure attorney from our law firm to learn more.
Deed-in-Lieu of Foreclosure
In a deed-in-lieu of foreclosure, the mortgagor voluntarily transfers ownership of their home to the lender to satisfy the debt and avoid formal foreclosure proceedings. Individuals choose this option when their home is underwater. This means the balance exceeds market value.
Here, selling or refinancing the home isn’t feasible, and lenders are in agreement that this is the least costly resolution. It also stops mortgage foreclosure, reduces mortgage arrears, and minimizes the impact on credit compared to judicial foreclosures. This is only considered in financial situations where other loss-mitigation strategies aren’t available, and foreclosure lawyers in Philadelphia are able to negotiate agreements with lenders.
Philadelphia Foreclosure Defense Attorney Serving Pennsylvania
Philadelphia County
Our law firm offers legal assistance for foreclosure and bankruptcy in Philadelphia County for both business and homeowners. Our foreclosure lawyers in Philadelphia deliver experienced foreclosure defense representation to help clients find alternatives and safeguard their rights throughout the process.
Bucks County
The Philadelphia foreclosure attorney team at Sadek Bankruptcy Law Offices also represents business and homeowners in Bucks County foreclosure defense. Our law firm offers assistance with commercial, tax, HOA, and mortgage foreclosure defense.
Delaware County
Our law firm delivers experienced Delaware County foreclosure defense for individuals across all municipalities, boroughs, and townships in the county. We handle tax, HOA, business, and mortgage foreclosure defense, guiding clients through the process, negotiating with lenders, and identifying alternatives throughout Delaware County.
Montgomery County
Our law firm offers full-service Montgomery County foreclosure defense for business and homeowners. Our attorneys offer strategic guidance, legal representation, and solutions to help individuals safeguard their homes and investments across Montgomery County.
Contact Our Philadelphia Foreclosure Lawyers For a Free Consultation
Businesses or homeowners facing foreclosure in Philadelphia, PA, need to take immediate action to protect their homes. The experienced Philadelphia, PA, foreclosure defense attorneys at Sadek Bankruptcy Law Offices help clients avoid foreclosure through bankruptcy, loan modification, short sales, or other alternatives.
Our foreclosure lawyers in Philadelphia understand the stress and uncertainty that comes with this process. Whatever your financial situation, our foreclosure defense lawyers offer the support you need to halt foreclosure actions.
Contact a Philadelphia, PA, foreclosure defense lawyer today for a free consultation to discuss your options and start working towards a solution that protects your home.
More About Mortgage Foreclosure
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