Legal Question in Credit and Debt Law in Ohio

Re: foreclosure

There are many options available to avoid foreclosure. One would be a executing a deed in lieu which deeds the property back to the mortgage holder. Another would be a settlement agreement with the bank such as a payment plan. I would encourage you to contact an attorney as soon as possible to analyze your situation to determine the best course of action for you so as to avoid the foreclosure process. The longer you wait, the more time and money the bank and the bank's attorneys will have invested in the foreclosure which could mean more fees to be paid by you. Feel free to contact our office for further information.