Loss Mitigation

Is Loss Mitigation for You?

PA mortgage foreclosure defense lawyers

If you're dealing with large quantities of debt and facing foreclosure, loss mitigation is an effective tool to stall or prevent foreclosure proceedings. When enacting loss mitigation as a foreclosure defense, Harold Shepley & Associates works directly with you and your creditors to work out lower interest rates, longer payment terms, and reduced loan principals.

Part of the qualification for loss mitigation is that you are actually able to pay a new workout and payment and that the residence is your primary home. If you don't make enough money to meet even a workout payment, the lender will reject your offer - and even worse, if you set yourself up with yet another unattainable payment plan your home can still be foreclosed upon.

Mortgage foreclosure defense is a complex process, and one that requires an adept attorney like those at Harold Shepley & Associates. There are ways to avoid foreclosure, and we are here to help guide you through them. Call us today at 877-827-9006 or contact us online any time for a free consultation and start your journey to debt freedom today.

Loss mitigation vs refinancing

Refinancing, while it can be a good way to get a better rate on your mortgage, can be difficult to have approved if you are already behind on your mortgage. You are also less likely to qualify for refinance if you have existing credit issues.

Most of our clients are in a position requiring loss mitigation over refinancing. A few other things to consider are:

  • Refinance is permanent; loss mitigation can be temporary.
  • Lenders will almost always charge fees for a refinance while a loss mitigation is frequently free.
  • A refinance is only valid if you are current on your mortgage; late fees and more can be bundled into your modification package if you choose to go that route.

Your PA foreclosure defense professionals

When considering refinance, foreclosure defense, or loss mitigation, the most important thing to have in line is legal representation.

Harold Shepley & Associates works with people in your situation every day to help save their homes and possessions. Call us today at 877-827-9006 or contact us online any time to find out what we can do for you.

Contact Us

Relief is closer than you think!

For more information on debt relief, the other services we offer, or on what sets us apart from your average firm, please - call us today!

Somerset, PA


209 West Patriot Street
Somerset, PA 15501

Harrisburg, PA


3115 N. Front Street
Harrisburg, PA 17110

Harold Shepley & Associates LLC BBB Business Review

Altoona, PA


201 Cayuga Ave, Suite 11
Altoona, PA 16602

Debt Relief from Pennsylvania Bankruptcy Attorneys

We serve clients throughout all of Pennsylvania with Bankruptcy, Debt Negotiation, Mortgage Foreclosure Defense, Divorce, and Estate Planning. Though we have two offices, no travel is necessary.

We service Pennsylvania clients from Pittsburgh, Harrisburg, Philadelphia, Altoona, Bedford, Blairsville, Connellsville, Cranberry, Ebensburg, Greensburg, Huntingdon, Johnstown, Indiana, Lancaster, Monroeville, New Kensington, State College, Somerset, Uniontown, Washington, Wexford and throughout the state.

This website is intended to provide general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.