Kansas City Foreclosure Attorneys Talk Forbearance, Part 4 — In our last blog, we discussed how attorneys at KC Foreclosure are experts in navigating forbearance situations and how we will provide all the guidance you need. We will help you understand all your options. We are here to help you weigh the positives and negatives and develop a strategy that works best for you. Kansas City foreclosure attorneys will navigate the process of forbearance, but finally, you need to know how Kansas City foreclosure attorneys can help you.
Our Kansas City foreclosure attorneys want to help you navigate through the intricacies of using forbearance. Our real estate attorney in Kansas City will help you become more knowledgeable about forbearance, teach you how to ask for it from your lender, and how to exit forbearance safely. Now we will discuss how we can help you.
Kansas City Foreclosure Attorneys Can Help
Kansas City foreclosure attorneys want to assist you in negotiating an exit tactic or extension in your forbearance loan. Here are a few options we can explore with our clients:
Lump-Sum Payments: If you have any funds available in savings or investments, you can pay the entirety of your forbearance amount in a single transaction. Other places to look for funding include retirement accounts or possibly a family source. After your forbearance amount is settled, sometimes, with the help of a foreclosure attorney in Kansas City, you will resume paying your previous regular monthly payment.
For many, this is not feasible, so you may have to contact Kansas City foreclosure attorneys to help you find other options.
If you are struggling to make mortgage payments or are concerned about how to exit your forbearance, call (913) 390-3188 or contact us online to speak to one of our Kansas City foreclosure attorneys today!
Repayment Plans: Kansas City foreclosure attorneys also want you to know that negotiations can be made. An arrangement involving augmenting your regular mortgage payment with a portion of your forbearance amount can be arranged. However, those increased amounts do continue until the balance is paid in its entirety. Sometimes the interest rate is increased; that is why you need to have Kansas City foreclosure attorneys help you. Plans can vary and are often negotiable.
Payment Deferral and Partial Claims: A portion of your forbearance can sometimes be deferred to the maturity date and not have accrued interest. This means that Kansas City foreclosure attorneys will help you settle a deferred payment earlier if you should sell, refinance, or pay off your home.
We are the experts when it comes to Kansas City redemption rights
Combo Plans: Some servicers will let you do a combination of the agreements described above. This might include paying some in a lump sum and deferring the rest. Kansas City foreclosure attorneys can help with any loan modification to make this time easier for you and your family.
As you can see, forbearance is a complicated loan agreement between your loan institution and yourself. We covered what forbearance is, how to request it, its drawbacks, and how to fight any complications that may come up in the process. At KC Foreclosure Law, we hope you never find yourself in a position to need to use forbearance. However, if you do, call us for a free consultation.
KC Foreclosure: Your source for lease option foreclosure help in Johnson County Kansas
From filing a quit claim deed in Kansas City to trustee assistance. KC Foreclosure Law is here for you whether you need to transfer property ownership, litigate complex ownership disputes, evict a tenant, or even find yourself in the middle of a closing dispute. Our contract for deed lawyer in Kansas City is here to help you with everything from redemption rights in Kansas City to mortgage defaults.
Our attorneys frequently advise clients on foreclosure matters, including losing your home and working through forbearance. If you find yourself at risk of losing your home call KC Foreclosure Law for a free consultation. Your attorney’s primary role is to go over all your options when facing foreclosure. Foreclosure attorneys have expansive knowledge that can help you avoid pitfalls, save time, and provide the best chance of saving your home.
Your foreclosure attorney will meet with you to devise the best plan of action for your situation. This may involve loss mitigation, loan modifications, filing for bankruptcy, or discussing plans to represent you in court outright. Your Kansas City foreclosure attorney will give you professional advice while helping you make the best decisions for your unique situation.
