As most banking and financial institutions are aware, recovering the balance of the loan is not the only objective of the legal foreclosure services process. Preserving the institution’s reputation within the community is also a primary concern. As a member of the Rock County business community ourselves, Nowlan & Mouat LLP uses our reputation of integrity to support the reputation of our clients. Our exceptionally skilled team of lawyers have years of experience assisting agriculture-based creditors, banking and financial institutions, credit unions, and health care organizations throughout communities in Rock County and south central Wisconsin. Financial institutions know that they can rely on Nowlan & Mouat LLP to help them achieve their business goals in ways that are consistent with their character and values.
Our firm’s presence within the community helps us handle the issues surrounding loan transactions, as the majority of the foreclosure process is governed by Wisconsin state law. Our lawyers utilize the depth of their resources to help you take advantage of foreclosure mediation and prevention programs offered by the state of Wisconsin, and will take the time to personally guide you through other ways to avoid or defend against foreclosure. The collective expertise of our foreclosure attorneys allows them to properly evaluate your financial risk and advise you on the legal options that are best for your business. The relationships we have built over the years have allowed us to forge strategic partnerships with many financial institutions, and this enables our attorneys to secure creative, cost-effective solutions for our clients.
Nowlan & Mouat LLP has been an established part of the Rock County community for decades. Our lawyers understand that homeowners facing foreclosure simply want to keep their property and remain part of their community. The foreclosure attorneys at Nowlan & Mouat LLP can help homeowners who are facing foreclosure determine if they are eligible for forbearance or loan modifications through government programs that would reduce the principal balance the loan. Some examples of these kinds of programs include:
- • The Home Affordable Modification Program (HAMP)
- • Emergency Homeowner’s Loan Program (EHLP)
- • Principal Reduction Alternative (PRA)
- • Home Affordable Unemployment Program (UP)
- • The Home Affordable Refinance Program (HARP 2)
However, there are certain instances in which homeowners facing foreclosure may not desire to keep their home. In these types of situations, our lawyers can find out if they qualify for a deed in lieu of foreclosure. The Home Affordable Foreclosure Alternatives Program (HAFA) is one such program that allows borrowers to avoid foreclosure. This option can help homeowners avoid a costly judgment in which they continue to owe money even after the property has been lost due to foreclosure.
A Law Firm Specializing in Foreclosures Is Located Near You
Contact or call us today at (608) 755-8100 to speak with one of our experienced foreclosure attorneys. They will take the time to listen, address your concerns, and advise you on the best way to recover your collateral as quickly and completely as possible.