Layton Foreclosure and Deficiency Judgment Attorney
LeBaron & Jensen are Layton foreclosure and deficiency judgment attorneys. Their teams of attorneys work with efficiency to assist you in your pursuit of legal options in order to save your home.
There are two types of foreclosures in Utah.
- Judicial Foreclosure: The lender files the complaint against the borrower for not paying the monthly mortgage. The lender also has to receive a decree of sale from the court that has jurisdiction in the country where your property is located. This has to be done before foreclosure proceedings can begin. Assuming that the court finds the borrower at fault; the court will then set a time period for the borrower to pay. If the borrower is not able to pay then the court orders the property to be sold.
- Non–Judicial Foreclosure: This is the most common foreclosure and happens when the mortgage or deed of trust includes a power of sale clause. This clause is the pre-authorization from the borrower to pay the balance of the property off with the property sale if the borrower is in default of their loan. When a power of sale exists in a mortgage or deeds of trust, the lender is given the authority to sell the property.
Are you a homeowner digging around to make your monthly mortgage? Call LeBaron and Jensen, we are your experienced law firm that can give you the type of help that only a foreclosure attorney in Layton can help with. Our law office is proficient with foreclosure law and we have the intelligence to argue your case.
A property owner can decide that their monthly loan payment is too hard to make and they need to move one. Usually there are three things that happen:
- Home is to be sold in foreclosure
- Sell home in a short sale
- Transfer the title to the lender directly with a deed in lieu of foreclosure
If for some reason the property is sold for less than the amount owed, the borrower still owes the bank for the deficiency. There are several deficiency judgments depending on how the home is sold and LeBaron and Jensen can help you determine what is best for you!
Contact LeBaron and Jensen
LeBaron & Jensen has years of experience in handling a variety of foreclosure and deficiency cases throughout the state of Utah. Our Layton law office has multiple legal professionals available to help you during this stressful financial time. There is often terminology that is difficult to understand. Let us answer your questions related to foreclosure or deficiency. Contact our office today!