Minnillo & Jenkins, CO. LPA
Hyde Park, Eastgate, Fairfield, Covington: 513-723-1600
Portsmouth: 740-300-2022
Call For A No-Pressure, Free Consultation

Understanding one's options when facing foreclosure

While purchasing a home can be fulfilling, taking on a mortgage can be a major financial obligation. Individuals in Ohio who encounter times of monetary unrest may find it challenging to make their monthly payments, and should their troubles persist, they could grow concerned that they will end up facing the possibility of foreclosure. Those who face such hardships may benefit from knowing that there are options that may help them avoid a similar outcome.

Once a person stops making payments on a mortgage, creditors may seek to recover financial losses by attempting to repossess the home through foreclosure. Upon encountering periods of monetary strain, a person who wishes to retain ownership of a home may find it helpful to reach out to creditors as soon as possible. In some cases, lenders might be willing to offer a reduction or suspension of payments, but this option is generally only temporary.

A person may also be able to seek relief by attempting to refinance the mortgage. While this might lengthen the terms of the agreement, it could also lead to lesser payments and interest rates. Another option to consider is selling the home, and while this might not seem ideal, it could be unavoidable and is likely a better option than allowing it to enter foreclosure.

While there are several options to assist a person in avoiding foreclosure, choosing the correct path can be challenging. Those who encounter a similar circumstances could choose to speak with an attorney for advice in fully understanding each available option. An attorney in Ohio can examine a client's financial situation and assist him or her in forming a plan to pursue relief from debts and prevent the process of foreclosure.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact us right now for a free bankruptcy consultation

NACBA - National Association of Consumer Bankruptcy Attorneys

Proud Member NACBA

We are proud members of the NACBA, a national organization dedicated to serving the rights of consumer debtors. Read More

Super Lawyers

Jenkins Named Super Lawyer!

Founding partner, Christian A. Jenkins, was selected by his peers and the media as a Super Lawyer. Read More

Hyde Park Office
2712 Observatory Avenue
Cincinnati, OH 45208

Phone: +1-513-723-1600
Cincinnati Law Office Map

Eastgate Office
792 Eastgate South Dr
Suite 150
Cincinnati, OH 45245

Phone: +1-513-723-1600
Cincinnati Law Office Map

Fairfield Office
447 Nilles Rd
Suite 9
Fairfield, OH 45014

Phone: +1-513-723-1600
Fairfield Law Office Map

Covington Office
526 Philadelphia St.
Suite 5
Covington, KY 41011

Phone: +1-513-723-1600
Map & Directions
Covington Law Office Map

Portsmouth Office
612 Chillicothe Street
Portsmouth, OH 45662

Phone: +1-740-300-2022
Map & Directions
Portsmouth Law Office Map