The potential of losing your home can be scary, angering and emotionally hurtful. Depending on how far along the foreclosure proceedings are, and the exact circumstances of the foreclosure, there are typically several options available to homeowners/borrowers to attempt to keep their home or obtain a more agreeable outcome. Each case is different, and our experienced attorneys in Omaha and Lincoln can determine what your options are.
In Nebraska, at the level of both state law and federal law, you have certain options. By law, the bank must follow certain steps in order to initiate a foreclosure. Our real estate attorneys know these laws backwards and forwards. We'll make sure the lender and trustee are within their legal rights to proceed with notice of default or notice of sale. And we will determine your options, which may include one or more of the following:
- Catching up on late mortgage payments and fees during the pre-foreclosure period
- Modifying the terms of the loan, which would potentially allow for lower monthly payments
- Short sale of the home
- Filing for bankruptcy
There are other remedies and options as well, that may be possible in your case. Talk to our lawyers and we will provide you with honest, clear answers so you can decide what to do next.
Having worked with Nebraska families facing foreclosure for many years, we know how difficult the situation is. We know you have a lot at stake: your home, finances, family and stability. The law affords you certain options under certain circumstances, and we may be able to help you pursue those options.
To learn more or to arrange a consultation with our experienced Omaha, Lincoln and Norfolk foreclosure attorneys, please call Copple, Rockey, and Schlecht at 402-371-4300.