Real Estate Lawyer in Washington, DC

Foreclosures ◊ Sub-Prime Mortgage Issues

If you bought a house in the last ten (10) years, there's a good chance that you financed part or all of it with an adjustable rate mortgage (ARM). If you are like many others, your ARM rate has increased significantly, or may reset soon, and your mortgage payments will or have a significant increase, making payment impossible. If foreclosure seems inevitable or proceedings have already been initiated, you want an attorney with experience who fully understands real estate law, who can help you identify your options and make informed decisions that are in your best interests.

At the Law Offices of Henry M. Terrell & Associates, PLLC, we have extensive experience in all aspects of residential and commercial real estate foreclosures. Our lead attorney formerly served as the Recorder of Deeds for the District of Columbia where the Notice of Intent to Foreclose must be filed to initiate the process and 30 days before the property is foreclosed. His current service with important Boards that impact real property and real estate matters in the District uniquely positions him to provide the experience and knowledge necessary to handle complex foreclosure proceedings. Contact us for a free initial consultation.

If you are concerned that you may lose your house through foreclosure, you need to contact an attorney as soon as possible, even if foreclosure proceedings have not been initiated. With advance notice, we can explore alternatives, including refinancing options, sub-prime modifications or other work-arounds. Most lenders would rather not repossess a home through foreclosure. If you negotiate early and in good faith with a lender, you often have a better chance of working out a solution.

When we work with clients who are facing foreclosure, our primary objective is to find ways to help them retain ownership of the property. We will seek to stop or delay foreclosure proceedings so that our clients have additional time to either find the resources to bring the mortgage payments current, refinance at a more affordable interest rate, or sell the home to pay off the mortgage.

If foreclosure is the only option, we will work with you through the forced sale of your home, ensuring that the property is fairly appraised and valued, that the sale is properly conducted, and that you receive any proceeds to which you are entitled.

For experienced representation in foreclosure actions in the Washington, DC, metropolitan area, contact our offices. We offer a free initial consultation to all clients. Our offices are open Monday through Friday, 9 AM until 5 PM, but we also offer flexible hours upon request.

Law Offices of Henry M. Terrell & Associates, PLLC

1625 Massachusetts Avenue, NW
Suite 400
Washington, DC 20036-2212
Phone: (202) 628-3242
Facsimile: (202) 628-1025
Email: henryterrell@msn.com

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At the Law Offices of Henry Terrell & Associates, PLLC, we represent clients throughout Washington, DC metropolitan area.