Johnson County Foreclosure Attorneys

Trust the Bankruptcy Lawyers at Moore & Associates, LLC: (913) 742-8700

When you fall too far behind on your mortgage payments, foreclosure may be imminent. Facing this process can be extremely stressful, especially when you fall behind on other bills.

However, there are options that can, in most situations, help you save your home. Whether you can save your house ultimately depends on how far behind you have gotten on your mortgage.

If you can afford your current monthly payment and a small catch up payment on the amount that you are behind, then you can save your home. The catchup payment is calculated by taking the total amount that you are behind and dividing by up to 60 months.

Example: if your mortgage payment is $1000 and you are 6 months (or $6,000 behind) you could save your house if you could afford to make an $1100/month payment .

Please note that if your house is in foreclosure and THE FORECLOSURE SALE DATE HAS ALREADY PASSED we cannot help you save your home.

What Is Equity?

Equity is a result of a person paying their monthly mortgage and owning a little more of their home with each payment. The money that is poured into each payment can be viewed as a savings account that can be cashed in when the home is sold.

Will I Lose All Equity in Foreclosure?

In the potential unfortunate event that foreclosure is not able to be prevented for your home, you may be wondering if you will lose all of the equity that you have poured into it during your time paying the monthly mortgage.

In the event that a home goes into foreclosure, the equity left over after all bills, expenses and fees are paid does belong to the person who has owned the home up to this point.

However, when a person begins to miss payments, their equity reduces over time, which is a factor in the amount left over at the end of the foreclosure process.

Can I Get Foreclosure Protection?

If you are facing potential foreclosure due to the financial impacts of the COVID-19 pandemic, there may be protection available to prevent you from losing your home.

Many mortgage companies and states have allowed exceptions during this time in order to offset the financial struggles that many are facing. Let an attorney from our firm help you learn more about this!

How Long Can I Stay in My Home After Foreclosure?

When dealing with foreclosure, you have the right to stay living in your home until it is sold, which could take anywhere from two to twelve or more months.

How Our Firm Can Help

From helping you with all the paperwork to thoroughly investigating the terms of your mortgage, our Johnson County and Kansas City foreclosure defense attorneys work hard on your behalf. We have 30 years of combined experience and have helped numerous residents throughout both Kansas and Missouri.

With no cash upfront options available and evening and morning consultations available by appointment, our family-friendly firm always works to make sure you understand your situation and your legal options. We are dedicated to protecting your home and your future!