The New Hampshire Real Estate lawyers at McGrath Law Firm provide legal counsel and representation to landlords and tenants in both residential and commercial transactions, including:
- Entity formation for property acquisition and liability protection
- Residential and commercial lease drafting and negotiation
- Representation of landlords and tenants in commercial and residential lease disputes
The unexpected has happened. You may have planned out your finances and negotiated an affordable loan, but after getting the keys and moving into your new Concord home, there was a bump in the road. You may have been let go from your current job, experienced heavy medical bills, or your monthly loan payments went up and your home did not appreciate enough for you to refinance.
The NH Real Estate lawyers of McGrath Law Firm provide effective legal counsel to both residential homeowners and commercial property owners facing foreclosure. Our team is versed in all aspects of loss mitigation, including:
- Loan modifications
- Deed-in-lieu of foreclosure
- Short sales
- Forbearance agreements
When these alternative to foreclosure don’t succeed, our team ensures that you receive all protections afforded to you and your home if litigation ensues. We can eliminate deficiency judgments, prevent wrongful foreclosures, and keep you in your home until a solution is reached between you and your lender that does not leave you homeless.
After the lender files a lawsuit, the homeowner has 20 to 30 days to take action. If you do not respond within this time frame, you will be legally required to sell your home. This is called a judicial foreclosure, in which the courts will be involved, so it is imperative that you have reliable legal counsel during this time.
Fortunately, the average time to fully foreclose a home can take five to six months, on average. This process can be delayed with proper legal action.