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Foreclosure Defense

Foreclosure Defense Attorneys in Wilmington, Delaware

If you are being threatened with foreclosure, it might seem like you have three choices: Pay up, file for bankruptcy or lose your home. In fact, the law provides many remedies for homeowners who are struggling to keep up with mortgage payments.

At Carucci Butler, LLC, we are equipped to help you explore every possible resource you have. There are many paths to debt relief. We can help you choose the road that is best for you.

Are you facing home foreclosure? Contact us today to discuss your debt relief options.

Foreclosure Defense: The Law is on Your Side

With the economy in flux, and predatory lending at all time highs, the need for mortgage repayment flexibility is greater than ever. At Carucci Butler, we offer our clients foreclosure defense representation to help them find ways to keep their home, and comfortably manage their debt.

If you are facing foreclosure, it may seem like your mortgage lender is holding all the cards. In fact, the federal "Truth in Lending Act" provides many legal protections for people who are being threatened with home foreclosure. This law requires the lender to offer full and clear disclosure of all of the terms of the loan agreement before the borrower signs. If that standard is not met, or if the lender does not disclose clearly and accurately all required information when the loan is made, the borrower has legal remedies protecting them from foreclosure actions.

There are other defenses to a foreclosure action, as well as remedies that may permit you to avoid the foreclosure. Borrowers have a statutory right to cure defaults on a mortgage loan by paying certain defined amounts, called "reinstatement." Even after a home is sold after foreclosure, a borrower may be able to "redeem," or buy back, the property, for the 30 days after sale and before a Court gives final approval of the sale. Our attorneys are familiar with the methods by which you may be able to protect your biggest asset: your home.

Foreclosure Negotiation: Attorneys to Guide You to a Better Result

When you haven't paid your mortgage, and are in danger of losing your home, that isn't the end of your trouble. If the property is sold for less than you owed the bank, you may still be liable for the difference. For this reason, it is often advisable to hire an attorney to negotiate a favorable resolution. For example, you may be able to give the lender a "deed in lieu of foreclosure," which is an agreement whereby the borrower transfers the property to the lender, and the lender erases the mortgage. The parties go their separate ways with a full and final resolution.

This and other negotiation remedies may be available. Don't risk going up against your mortgage lender alone. The lender has attorneys on its side; you should too.

Our attorneys understand the statutes governing home loans and foreclosures and can help you use the law to its fullest extent to protect your home from foreclosure. We offer other debt relief services as well, including:

Take the First Step to Debt Relief

If you have questions about foreclosure defense, we are here to help. Contact us today online or by phone at 302-504-8089 to speak with an experienced Delaware lawyer. We offer all bankruptcy and debt relief clients free initial consultations. For your convenience, we accept MasterCard and Visa.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.