Foreclosure Defense Lawyer Oklahoma City, OK 
Foreclosures are scary, confusing, complex, and they’re stressful. In fact, if you don’t know much about the foreclosure proceedings or the laws about what is allowed to happen and what is not, you may find yourself overwhelmed and lost. That overwhelming feeling can cripple you and leave you with no idea what to do to defend yourself.
That’s okay, that’s what the Law Firm of Marty Martin’s is here for, reach out to us today for a foreclosure defense lawyer in Oklahoma City, OK that can walk you through the foreclosure process, help assess if you’ve been mistreated by the bank and other entities, and help you find other options than foreclosure.
Foreclosure is not the end-all-be-all. There are options. Making informed decisions is important, and we’re here to help you do that.
What Other Options Are There?
We said foreclosure isn’t the end-all-be-all, and we meant it. Let’s talk about some other options homeowners may be able to do to avoid foreclosure. Before deciding on any one option, you would want to speak to a certified foreclosure defense lawyer in Oklahoma City, OK to ensure the option is the best one for you and would not hurt you in the long run.
Loan modification is to alter the terms of the original loan agreement, such as your mortgage loan. This does not pay off your loan and replace it with a new one, but it changes these conditions. A lawyer can help you negotiate a loan modification that better helps you avoid foreclosure.
Short sale is when your lender (the bank, in most cases) allows you to sell your home for less than what you owe on it, in return they receive those funds to pay off most of your mortgage. Sometimes the bank or lender may seek the difference between the original loan and what you were able to get from a buyer.
Deed in lieu is a foreclosure document that transfers the title of the property from the property owner to the lender. The exchange is that they are relieved of their mortgage debt.
Bankruptcy is another option that a foreclosure defense lawyer in Oklahoma City, OK may suggest. This will stop all foreclosure proceedings and give the homeowner a chance to work on paying that debt off to retain their home.
There are many other options for homeowners, and talking to a lawyer that deals in foreclosures can help you decide which one is the best choice for you and your home.
Contesting Foreclosure
A foreclosure defense lawyer in Oklahoma City, OK may even suggest contesting foreclosure. To contest a foreclosure, usually done in judicial foreclosures which means the lender must provide you with a notice of default that includes the amount you currently owe, you have to first write a written answer to a complaint (the lawsuit). Present your defenses and explain the reasons behind why the lender should not foreclose on your home. Your lawyer can help you do this, and you may have to defend yourself against a motion for summary judgment and go to trial.
Reach out to the Law Offices of Marty Martin today.
Facing a foreclosure on a home is one of the most difficult experiences a person can go through. If you’re currently in this situation, you might feel overwhelmed and unsure of how to proceed. If you want to fight the foreclosure, you may wonder if you should hire a foreclosure lawyer in Oklahoma City, OK or not. The answer depends on your unique circumstances.
When to Hire a Foreclosure Lawyer
Here are a few situation where you would benefit from hiring a foreclosure defense lawyer in Oklahoma City, Oklahoma:
- You Have a Good Defense: If you believe that you have a good defense against the foreclosure and wish to keep your home, then it makes sense to hire a lawyer. For example, if the servicer did not follow proper foreclosure procedures or if the foreclosing party can’t prove that it owns your own, you may have a viable defense. Foreclosure defenses can involve many complexities, so it is helpful to have someone knowledgeable and experienced on your side. He or she will help create a good argument and fill out the paperwork.
- You’re in the Military: People who are in the military have special protections against home foreclosure. If you are an active member in the military, ask a foreclosure lawyer Oklahoma City, OK residents trust about your rights.
- You Wish to Learn More About Foreclosure Laws: If you are unfamiliar about the foreclosure process in Oklahoma and want to learn more about your rights, it is helpful to consult a foreclosure lawyer.
How a Foreclosure Lawyer Can Help
In certain situations, a foreclosure defense lawyer in Oklahoma City, Oklahoma can help you avoid foreclosure. Here are some different ways he or she can do that.
- Modify Your Loan: A foreclosure lawyer can help you modify your loan to lower the interest rate or extend the loan.
- Advise You About Loan Mitigation Options: There are some loans that offer loss mitigation options that bring your loan to good standing. A foreclosure lawyer can educate you about these options.
- Represent You in Foreclosure Meditation: Foreclosure mediation is a legal process in which the homeowner and lender attempt to come to an alternative to foreclosure.
Questions to Ask a Foreclosure Lawyer
When you go to your first consultation with a foreclosure defense lawyer in Oklahoma City, Oklahoma, it is important to ask several questions, like:
- Do you believe I have a good defense to foreclosure?
- Do you anticipate any challenges with my case?
- How long do you think the process will take?
- What approach do you use when defending a foreclosure case?
- How often will you update me about my case?
- What are your fees?
If you want to fight a foreclosure, you should contact a foreclosure defense lawyer in Oklahoma City, Oklahoma from Marty Martin Law as soon as possible.
Common Mistakes Homeowners Make In Foreclosure Cases
Facing foreclosure can be one of the most overwhelming experiences a homeowner can go through. Our Oklahoma City, OK foreclosure defense law firm has handled countless cases where homeowners made mistakes that hurt their ability to fight the foreclosure process or keep their homes. These missteps can have long-lasting consequences on their financial future.
Ignoring The Problem
One of the biggest mistakes homeowners make when facing foreclosure is ignoring the issue. Many people try to avoid thinking about their mortgage problems, hoping they’ll somehow resolve on their own. However, the longer you wait, the fewer options you may have to resolve the situation.
Ignoring foreclosure notices or avoiding communication with your lender doesn’t make the problem go away. Instead, it can lead to missed opportunities for mediation or restructuring your mortgage. The sooner you contact our foreclosure defense attorney, the more time you have to consider your options and take action.
Failing To Respond To Lender Communications
Another common mistake is failing to respond to communications from your lender. It’s common for homeowners to feel overwhelmed by constant calls, letters, and notices from their mortgage company. Some may even ignore them out of frustration, thinking that nothing can be done to fix the situation. However, lenders are required to follow specific legal steps before moving forward with foreclosure.
By not responding to these communications, you may miss out on the opportunity to apply for mortgage modifications, repayment plans, or other alternatives to foreclosure. Our Oklahoma City foreclosure defense law firm can help you respond appropriately to these notices and work with your lender on your behalf, possibly saving your home in the process.
Not Seeking Legal Help Early Enough
Many homeowners wait too long to seek legal assistance, thinking that they can handle the situation themselves or that they don’t need a lawyer. Unfortunately, once the foreclosure process is well underway, it becomes much harder to stop or delay it. Legal professionals who specialize in foreclosure defense are familiar with the laws that protect homeowners and the steps necessary to fight the foreclosure.
The sooner you contact our firm, the more options you have to explore, including loan modification, bankruptcy, or other strategies that may allow you to keep your home. We can evaluate your case and help you understand the best course of action.
Not Understanding Their Rights
Homeowners often don’t fully understand their rights when it comes to foreclosure. Some mistakenly believe they are powerless once they miss a few mortgage payments, but the law provides protections that can help. For example, in Oklahoma, homeowners may be entitled to a court hearing before the lender can move forward with foreclosure. Additionally, there are rules that govern how the lender can conduct the foreclosure process, and they may not always follow those rules. Our firm regularly helps homeowners understand their legal rights and provides advice on how to assert those rights throughout the foreclosure process.
Relying On “Too Good To Be True” Solutions
In the midst of foreclosure, many homeowners become desperate and turn to companies or individuals offering quick fixes, such as “foreclosure rescue” services or promises to buy your home at a high price. Unfortunately, many of these offers turn out to be scams that ultimately leave the homeowner worse off than before.
Instead of falling for these promises, it’s important to work with our reputable foreclosure defense attorney who can guide you through legitimate options. We help homeowners explore realistic solutions, including working out a repayment plan with their lender or even considering bankruptcy in extreme cases.
Not Considering All Options
Some homeowners assume that foreclosure is their only option when they fall behind on payments. However, there are often other options to consider, such as loan modifications, refinancing, or even selling the home to avoid the damage of foreclosure on your credit score. In some situations, bankruptcy can offer protection from foreclosure and give you time to get back on your feet.
As Oklahoma’s #1 bankruptcy attorney, Marty Martin takes the time to explore all available options with our clients. It’s important not to make a rash decision without considering the long-term implications. We help you understand each possible path so you can make an informed decision about how to move forward.
Taking The First Step Toward Protecting Your Home
Foreclosure is a difficult and stressful process, but making the wrong choices can make it even harder. At Marty Martin Bankruptcy Law, we help homeowners avoid the common mistakes that can harm their case. If you’re facing foreclosure, don’t wait until it’s too late to seek help. Attorney Marty Martin founded our practice in 2004 and has focused his energy on aiding residents of Oklahoma with personal bankruptcy and debt repair. Contact our Oklahoma City foreclosure defense law firm today to learn about your rights and the options available to you. We’re here to help you protect your home and your future. Call now to schedule a complimentary case review.