James A. Zitesman, Esq.
Real Estate Attorney
serving Central Ohio
(614) 799-9494
Foreclosure Assistance
If a homeowner is having trouble making mortgage payments, the worst thing to do is to ignore the problem. Talk to your lender as soon as possible. Generally, they do not want any more homes and would rather you stay in the home if possible. You need to communicate. You may want to hire an attorney to assist in talking with your lender to work out a plan to allow you to remain in the home, or other options to ease the transition.
If foreclosure has been filed with the courts, you may be able to mediate with the lender through a court based program. At the same time, expect to receive many offers from "foreclosure rescue" companies. Some will offer to take the home out of your name. Before you sign anything with one of these companies or "investors" understand what you are doing. Seek legal advice.
In the event that you are considering a lease-option, lease-purchase, or a land contract, STOP. Please allow a real estate attorney to review the deal and provide objective advice.