Foreclosure Defense Attorney in Charleston
Experienced & Reputable Counsel for Clients Facing Foreclosure
As everyone knows, foreclosures on homes across the country have skyrocketed in recent years. Because of falling real estate markets, the effect of toxic home loans, job losses, and other economic distress, more and more people are facing foreclosure. If you are behind on your mortgage payments or if you have been notified of a pending foreclosure by your lender, it is vital that you contact the Charleston foreclosure defense lawyer at Traywick Law Offices as soon as possible.
Time is of the essence when it comes to the disheartening prospect of losing your home. You must act quickly. It is very important that a property owner being foreclosed Bank of America, GMAC, CitiMortgage, Wells Fargo, Chase, or one of the other big lenders knows what to expect during the foreclosure process. Foreclosure mechanics and procedure in the State of South Carolina are different than those in most states and the homeowner should familiarize himself with his rights under the law and rules of civil procedure in this state.
Learn more about foreclosure defense on the following pages:
- Why Hire a Foreclosure Defense Lawyer?
- Foreclosure Due to Difficult Circumstances
- Foreclosure Mechanics
Foreclosure Defense in South Carolina
In South Carolina, after a lender decides to foreclose on a home, the pending lawsuit will be filed and the homeowner notified within 20 days. The homeowner then has 30 days to respond to the foreclosure notice. If the homeowner cannot resolve the default of his loan, then the case is turned over to a hearing officer who will order the sale of the property.
There are several ways to fight a potential foreclosure, including:
- Loan forbearance
- Loan modification
- Filing for bankruptcy
If you are facing foreclosure due to difficult circumstances then you may want to explore these options. A short sale and deed in lieu of foreclosure are options that help the homeowner avoid foreclosure but still forfeit the home. Traywick Law Offices is dedicated to helping South Carolina homeowners in understanding all of their options and making informed decisions that suit their individual circumstances, needs, and goals.
For legal assistance with a foreclosure in Charleston, contact our foreclosure defense lawyer at (843) 343-5092 to discuss your situation today in a free review.
Our Team Is Here for You. Call Traywick Law Offices Today.
In loan forbearance, future loan payments are permitted by the lender to be delayed for a period of generally three to six months, allowing the homeowner some breathing room in getting back on his / her feet. These payments are not forgiven by the lender but are allowed to be paid at a later date. If the situation is more severe, then a loan modification or bankruptcy may be more appropriate.
Our Charleston foreclosure defense attorney can negotiate with lenders and mortgage companies for loan forbearance or modification purposes, working diligently to achieve the most reasonable agreement possible for your situation. If these options are not workable, our firm can provide bankruptcy solutions for foreclosure.