Foreclosure / Negotiating
Loan Modifications

stop foreclosure and negotiating loan modifications by Bend Oregon attorney Paul Heatherman

Foreclosure Attorney / Loan Modifications
Bend Oregon - Paul Heatherman

Let Us Help You Stop a Foreclosure

Oregon bankruptcy laws may benefit you by facilitating postponement of the foreclosure process.

You may be able to stop a foreclosure by filing a Chapter 13 or Chapter 7 bankruptcy. For more information about our Bankruptcy services, see: Bankruptcy Law.



Before taking the bankruptcy route, check with us to see whether a loan modification is the right first step.

A loan modification is where your current lender modifies the terms of your current mortgage with the goal of providing terms that will work for you.



Let Us Help You Restart Your Finances

You might be getting threatening phone calls and letters from harassing creditors. Today, creditors are more aggressive than ever.

Once the Bankruptcy petition is filed, we immediately notify the creditors. You will have a protective bankruptcy lawyer on your side! The Bankruptcy Court issues an Automatic Stay, meaning that the creditors can no longer contact you.

We take care of the paperwork, advise, and attend all Bankruptcy related hearings with you.

Call us for a consultation.



A note about Oregon Judicial Foreclosures:

Most Oregon lenders have now switched to "judicial foreclosures," or foreclosures by way of a lawsuit.

In a judicial foreclosure, the homeowner gets served with a lawsuit. A response must be made in a timely fashion, and there is potentially a trial.

If you:
Suspect a lender's wrongdoing in the collection or foreclosure process –and– You get served with a lawsuit from the bank.

Then strict time deadlines apply and you should see an attorney immediately.

Is a Loan Modification Right for You?

Are you qualified for a loan modification? What type of paperwork is required? You have options. Before taking the bankruptcy route, check with us to see whether a loan modification is the right first step.



A loan modification is where your current lender modifies the terms of your current mortgage with the goal of providing terms that will work for you.

This usually includes lowering the interest rate of the loan and reducing the monthly payment. Since this is a modification of an existing loan and not a new loan, no closing meeting is required.

This option is available if you are delinquent on your payments. If it is right for you, it will generally result in less damage to your credit than a foreclosure or a bankruptcy. We can work with you and your lender to help secure terms to help keep you in your house.

Yes, it is possible to obtain a loan modification yourself, but without industry experts on your side, it could become a very long, expensive, even futile process. You need a plan.

Loan modifications do not require a government subsidy or bailout.


  • foreclosure and loan modification case histories

    Paul Heatherman Helps Vet Break Through Difficulties with his Bank

    Paul Heatherman represented a Vietnam vet who was delinquent on his mortgage. The vet had tried to work out a repayment plan over the phone, but the bank kept transferring him and putting him on hold.

    The few times the vet reached someone, the bank (in the usual runaround) would not tell him what he owed or whether he could arrange a catch-up plan.

    Paul noticed that the bank originally placed his client into an expensive home loan instead of a VA loan.

    Paul contacted the bank to threaten a claim for defrauding the client and requested a loan modification. After the usual delays, the bank modified the loan with a lower interest rate.