Practical Legal Advice to Stop Foreclosure

With over 17 years of experience, Philadelphia attorney William Sanderson has been following the real estate financing market for almost two decades. However, he has never seen such a dramatic shift in the market as the one that is currently taking place.

Residential and commercial real estate lending has radically changed due to the housing boom of the last decade. Just in the last few years, the real estate mortgage market has become inundated with a multitude of financing opportunities for homeowners and businesses.

At one time, some of these new options, such as adjustable rate mortgages or stated income loans, may have seemed like a good idea. Many offered affordable interest rates to people with bad credit or little money down. Unfortunately, the result of these unconventional financing options has been a drastic increase in the number of foreclosures nationwide. Over the last year, many financial institutions have compounded the problem by making it more difficult to refinance an unfavorable mortgage.

With nowhere to turn, and with time running out, Attorney Sanderson can protect consumer rights and help clients prevent foreclosure.

Before the Sheriff's Sale, It is Never Too Late

With the help of Attorney Sanderson, stopping foreclosure may be easier than you think. As the administrator of the bankruptcy department at the law firm of Spear Wilderman, P.C., in Philadelphia, Attorney Sanderson will evaluation your current financial obligations to determine how to most effectively handle your impending foreclosure. He can help stop foreclosure and protect your equity interest in property by:

• Filing for bankruptcy
  
• Refinancing your mortgage
  
• Advertising and negotiating the sale of the property inside or outside of bankruptcy
  
• Negotiating with the mortgage company to avoid foreclosure

Of course, not all of these options are appropriate for every situation. However, as long as a Sheriff's sale has not been completed, you almost always have an alternative to foreclosure. Sheriff's sales can even be reversed after the date of sale, if the deed has not yet been issued.

Stopping foreclosure is important because it potentially allows you to stay in your home or business and avoids the loss of equity you have accumulated in the property. If you have a foreclosure pending, or have received a notice of intent to foreclose, please contact Attorney Sanderson today.

William B. Sanderson, Jr. Esq.
Spear Wilderman, P.C.

With offices in Philadelphia, Pennsylvania, and Cherry Hill, New Jersey, Attorney William Sanderson, Jr. offers comprehensive debt relief representation to clients throughout the area. In Pennsylvania, his practice encompasses the cities of Philadelphia, Norristown, Doylestown, Media, and West Chester, and all of Montgomery County, Bucks County, Delaware County, and Chester County. In New Jersey, he offers legal services in the cities of Camden, Woodbury, Mount Holly, Bridgeton, Salem as well as all of Camden County, Gloucester County, Burlington County, Cumberland County, and Salem County.

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