• Home
  • Our Mission
  • Meet The Team
  • Testimonials
  • Blog
  • Contact
  • Call Us Today: (615) 264-5695

Bankruptcy Law Attorney Hendersonville TN - Erickfox

Eric Fox is experienced in Bankruptcy Law, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Debt Negotiation and Estate Planning Law cases in Hendersonville TN.

  • Bankruptcy
  • Debt Negotiation
  • Family Estate Planning

February 20, 2014

Foreclosure Relief May Be Available To Some After Settlement

Many Tennessee homeowners struggle every month to pay their mortgage and keep their home. Because of job loss, medical emergencies, divorce and deaths many residents have fallen behind in their payments and risk losing their home in foreclosure proceedings. However, some of those struggling with their mortgage payments may not realize that foreclosure relief programs do exist for Tennessee residents. There are legal options for those that have had trouble paying their mortgage but want to continue to stay in their home.

Also, during the financial crisis following the burst of the housing bubble in 2008, many banks and financial institutions started to panic and began to illegal foreclose on properties. As a result federal agencies have had to start legal battles against many large banks in order to protect consumers. Most famously, the National Mortgage Settlement required many large banks to review foreclosures and provide compensation to victims.

Recently, a new settlement has been made which could affect many of those who are threatened with foreclosure in Tennessee. A national mortgage servicer — Ocwen — has recently entered into a settlement with the Consumer Protection Financial Bureau for not properly handling foreclosures. According to reports, the servicer was not following rules that had been put in place to protect consumers from foreclosure and delayed the process in many cases.

As a result, the company will pay $125 million to consumers who have been subject to wrongful foreclosure. Furthermore, the company will provide an additional $2 billion in principal reduction incentives to those struggling with their payments.

This relief and other similar programs could help many residents stay in their beloved homes. Residents who are facing foreclosure should ensure that they understand all their legal rights before a bank takes their home.

Source: WREG, “Billion Dollar Settlement Means Foreclosure Relief For Families,” Zaneta Lowe, Feb. 13, 2014

Article by Eric Fox / Collections, Debt, Foreclosure / attorney, bankruptcy, bankruptcy attorney, bankruptcy proceeding, Chapter 13 bankruptcy, Chapter 7 bankruptcy, consumer debt, credit card debt, debt, debt management, debt relief, debtor, foreclosure, fox law, gallatin, hendersonville, homeowner, law, law firm, law office of eric k fox, lawyer, mortgage payments, personal injury, property, struggling with debt, sumner county, tennessee Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Bankruptcy
  • Chapter 13
  • Chapter 7
  • Collections
  • Debt
  • Foreclosure
  • Personal Injury
  • Retirement
  • Uncategorized

Archives

  • January 2022
  • August 2020
  • July 2020
  • March 2018
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • July 2010
  • June 2010

Fox Law

Whitehall Building
103 Hazel Path Court, Suite 6
Hendersonville TN 37075

Monday - Thursday: 8AM - 5PM
Friday: 8AM - 3:30PM
Weekend and Evening Hours by request
Local Phone: (615) 264-5695
Fax: (615) 264-5655
Email: eric@ericfoxlegal.com

Practice Areas

  • Bankruptcy
  • Debt Negotiation
  • Family Estate Planning

About Us

  • Our Mission
  • Meet The Team
  • Testimonials
  • Contact

Connect

FB icon
Linkedin icon
Google plus icon

Bankruptcy Attorney - Erickfox
Bankruptcy Attorney Hendersonville TN - Erickfoxn
Debt Relief - Erickfox
Estate Planning Hendersonville TN - Erickfox

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

This website is not intended to constitute legal advice creating an attorney-client relationship.


© Copyright 2015 The Law Office of Eric K. Fox · Website Design by StorySellers