If your house has been foreclosed and sold at a sheriff sale, you may be wondering if the buyer can legally lock you out of your home immediately following the sale. The answer is no. As long as the property has not been abandoned and is sitting vacant, the buyer must go through certain procedures before they can legally evict you and change the locks. In Ohio, this means the buyer must either obtain a Writ of Possession from the sheriff or initiate an eviction action in municipal court. After … [Read more...] about Can I Be Locked Out of My Home After an Ohio Foreclosure?
Understanding Mortgage Forbearance Agreements If you fall behind on your mortgage, your lender may offer alternatives to foreclosure that will enable you to stay in your home. The alternatives can include loan modifications, repayment plans, and forbearance agreements which are specifically designed for borrowers who are having difficulty making their mortgage payments due to temporary problems like unemployment, illness, unexpected medical bills, or other types of financial hardship. Under … [Read more...] about What is a Mortgage Forbearance Agreement?
We have the honor of representing three people who lost their homes because they were unjustly denied a loan modification by Wells Fargo. One of those clients, Jose Aguilar, recently told his story to a reporter from American Banker, a financial industry trade journal: Jose Aguilar was shocked, but also angry, when he received a letter of apology earlier this fall from Wells Fargo. Aguilar and his family lost their home in Chittenango, N.Y., in 2015 after trying time and again to get … [Read more...] about DannLaw fighting for families who lost homes due to Wells Fargo computer “glitch”
DannLaw attorneys suspect troubled bank has understated number of victims, urges Wells borrowers who received loan modifications between 2010 and 2015 to seek legal advice. Earlier this year Wells Fargo revealed in an SEC filing that a “software glitch” caused the bank to improperly deny mortgage loan modifications to 625 homeowners between 2010 and 2015. At the time, Wells said it had set aside eight million dollars to compensate borrowers impacted by the mistake, including the 400 families … [Read more...] about Wells Fargo offering loan mod scandal victims lowball settlements, mediation instead of fair compensation
In order to foreclose on a home in Ohio, a mortgage lender must file a foreclosure complaint with the county court. This gives homeowners an opportunity to save their home by contesting the complaint. If your lender is attempting to foreclose on your home, you should immediately educate yourself about the process and seek the help of expert legal counsel like the attorneys at DannLaw. The timeline below explains how the process works but remember, not all lenders proceed in the same way and … [Read more...] about The Ohio Foreclosure Timeline