In Connecticut, banks are prevented from foreclosing on residential properties without first trying to strike a deal with the homeowner through mediation. During a series of in-person meetings, a neutral mediator facilitates discussions between the homeowner, his or her attorney and the bank's attorney to try and reach a loan modification agreement.
Since 1993, the law offices of Mark M. Kratter, LLC, have represented homeowners just like you in fear of losing their property to a foreclosure. We have stayed at the cutting edge of the law and understand how the mediation process works in Connecticut. When you select our law firm, we will represent your best interests in the foreclosure mediation proceedings aimed at helping you maintain your home and reduce your monthly mortgage payments. Contact our law firm today to meet with a highly skilled Norwalk foreclosure defense lawyer.
Connecticut Foreclosure Mediation Lawyers Working for You
Once you receive foreclosure papers in the mail, you can request for your case to proceed through Connecticut's Foreclosure Mediation Program within 15 days of the return date as listed on the foreclosure paperwork. The mediation program is designed to give homeowners an opportunity to reach a resolution favorable to them.
During a series of mediation sessions, we will sit down with the bank's attorney and a court-ordered mediator. We will discuss modification of your loan which may include a reduction of your interest rate. We will discuss moving any past due balances to the end of the loan. During theses discussions, we will strive to make an agreement.
The medication process is time consuming, and requires the provision of extensive paperwork. Between the first and last mediation sessions, you will be required to supply numerous pieces of paper work on a regular basis, including any bank statements, pay stubs, tax returns, an explanation letter and the like.
Consider saving your house through filing for Chapter 13 bankruptcy. This can be a valuable solution for homeowners interested in avoiding a foreclosure without delaying the process.
Contact Our Foreclosure Defense Law Firm Today
To try and avoid a home foreclosure, contact our law firm today online or call 203-678-8135 to meet with a highly skilled foreclosure defense attorney. We will apply our years of experience and legal skills focused on helping you maintain your home.
At Mark M. Kratter, LLC, we are committed to representing clients throughout Fairfield County, Connecticut, including the communities of Norwalk, Stamford, Greenwich, Westport, Redding, Wilton, Ridgefield, Darien, Weston, Fairfield, Danbury, Stratford, Monroe, Newtown, Bethel, New Canaan, Easton and Bridgeport.
