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Can You Stop Foreclosure in Ohio After Receiving the First Notice?

• Foreclosures

Receiving anything from a mortgage lender that mentions the words “foreclosure” or “legal action” can be overwhelming. As soon as they read those words, many people have trouble understanding the rest of the notice. However, receiving a first notice from your mortgage lender does not mean you will automatically lose your home. It also doesn’t mean the foreclosure itself has started. You can still save your home, but you need to act quickly. Here’s a look at what you need to know �... CONTINUE READING

Ohio Foreclosure Laws: What Homeowners Need to Know

• Foreclosures

Few things feel as stressful as losing your home to foreclosure. However, if you’re like most homeowners, you aren’t aware of the rights you may have during the process. Here’s an overview of foreclosure in Ohio and a look at some of the main laws that defend your rights. You might have more power in the foreclosure process than you think. State and federal laws outline several pathways to keeping your home and moving toward a brighter financial fut... CONTINUE READING

Ohio Foreclosure Mediation: Can It Help You Save Your Home?

• Foreclosures

No one buys a home with the intention of losing it to foreclosure. And if you think your lender is about to foreclose, it’s easy to make the mistake of thinking you have no power in the situation. However, you almost always have options — and one of those options is foreclosure mediation. If you’re wondering “What is foreclosure mediation?” and whether it can help you, here’s a closer look. Few life events are as stressful as the possibility o... CONTINUE READING

Strategic Foreclosure Defense and Bankruptcy in Ohio: A Combined Approach

• Foreclosures

Are you facing foreclosure? Do you think you may be in the near future? You don’t have to be resigned to the lender’s repossessing your home. A strong foreclosure defense might be able to help you keep your home, but often, this area of the law is more complex than it seems. When other foreclosure defense strategies have failed, bankruptcy may prove to be the best way for you to keep your home. Here’s a guide to understanding foreclosure defense in Ohio and how bankruptcy can play a rol... CONTINUE READING

Will Student Debt Become Easier to Include in Bankruptcy?

• Bankruptcy

High student loan payments have become a large part of the financial burden which leads to filing for bankruptcy. Most often, student loans cannot be discharged in bankruptcy, although a knowledgeable bankruptcy lawyer can often find ways for you to obtain relief or find resources such as deferments that enable you to get caught up on student loan payments. The skilled and seasoned Ohio bankruptcy attorneys at Fesenmyer Law Offices, LLC understand that financial problems can and do... CONTINUE READING

Chapter 13 vs. Chapter 7: Which Bankruptcy Is Right for You?

• Bankruptcy

Chapter 7 is the most common form of bankruptcy and has certain advantages, but that doesn’t mean it is the best solution for you. Depending on your situation, Chapter 13 bankruptcy, which allows you to consolidate your payments and repay some or all of your debt affordably over a three- to five-year period, may be more advantageous. How do you know which form of bankruptcy is right for you?  If you are facing a situation where your debt is getting to be more than you can handle,... CONTINUE READING

Do I Have to File Bankruptcy with My Spouse?

• Bankruptcy

The quick answer is no — if you are married you may file bankruptcy individually and your spouse does not have to file.  However, this doesn’t mean that this is the best road for you to take.  If the court determines that filing individually was not done in good faith, it may dismiss the case; and if you don’t file properly, even the non-filing spouse may be stuck with debts he or she didn’t expect to have. Therefore, it’s important to select an attorney who is experienced in Ohio... CONTINUE READING

Ohio’s Median Income and Chapter 13 Bankruptcy: What You Need to Know

• Bankruptcy

Most people struggle with finances from time to time. Sometimes, those struggles become too much to handle. When you can’t keep up with your payments and you find yourself constantly harassed by creditors, it might be time to consider filing for bankruptcy. Chapter 13 bankruptcy is a popular option. It allows you to retain ownership of many of your assets and consolidates your debt into one monthly payment that you pay over a three to five year period. Understandi... CONTINUE READING

Facing Car Repossession in Ohio? Here’s What You Can Do

• Bankruptcy

Most car owners rely on their vehicles every day. They use them to commute to work, perform daily and weekly errands, and take long trips. Without their cars, they would lose a significant amount of independence. This can be frightening if you fall behind on your car payments. When this happens, you are at risk of losing your vehicle to repossession. The good news is that you may not have to give up your vehicle if you are facing financial difficulty. There are steps you can take to protect y... CONTINUE READING

Foreclosure Defense: 5 Common Mistakes Homeowners Make (and How to Avoid Them)

• Foreclosures

Facing foreclosure is one of the most stressful situations for a homeowner. Unfortunately, navigating a path forward in the face of foreclosure can be extremely difficult to achieve, especially if you don’t have an experienced foreclosure defense attorney on your side. If your home is at risk of foreclosure, you should be aware of five of the most common mistakes homeowners make during the foreclosure defense process, what you can do to avoid them, and when to seek legal help.... CONTINUE READING