Best Foreclosure Lawyers in Bucharest

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Hammond Partnership Law Firm
Bucharest, Romania

Founded in 2004
50 people in their team
Romanian
English
About usHammond and Associates which now carries on business under the name Hammond Partnership has been present on the Romanian legal market since 1990. The Firm has through that time developed into what today is an acknowledged legal firm in Romania which provides comprehensive legal services to...
DOOR TO ROMANIA S.R.L.

DOOR TO ROMANIA S.R.L.

15 minutes Free Consultation
Bucharest, Romania

Founded in 2023
15 people in their team
English
Romanian
French
Turkish
About UsWelcome to DOOR TO ROMANIA S.R.L., We're proud to be your partner in navigating the complexities of the Romanian legal landscape. While our firm was incorporated in 2023, our roots in the legal field run deeper. Our core team of lawyers began their journey in 2013, bringing with them a...

Founded in 1990
50 people in their team
Romanian
English
The FirmPopovici Nițu Stoica & Asociații is one of the first incorporated professional partnerships in Romania.The Firm acts as outside counsel to a wide spectrum of legal entities, including key players in major industries, financial institutions, public authorities and investment...
Atrium Romanian Lawyers

Atrium Romanian Lawyers

30 minutes Free Consultation
Bucharest, Romania

Founded in 2005
10 people in their team
English
Our team of Romanian lawyers can offer  a wide range of  legal services in Romania, E.U.Whether you need legal advice, representation, or assistance in any area of law, we are here to help you.Our Managing Partner, J.D. Simona Rotaru is an experienced and qualified lawyer who has...
SORA & ASOCIATII
Bucharest, Romania

Founded in 2002
10 people in their team
Romanian
English
Providing Legal ServiceSora & Associates Law Firm is specialized on Legal Tech, Arbitration, Construction Law, Public Procurement and Litigation, but in the same time, it has a great experience in many fields due to the various clients domains of activity. As a result, Sora &...
Consortium Legal
Bucharest, Romania

Founded in 2007
10 people in their team
Romanian
English
Our VisionDelivering the right solutionsOur vision is a no-nonsense, project-comes-first approach to legal services. The way we see it is that lawyers are partners, conversing fluently in the language of business, adopting entirely the project for which they provide support.Your ideas keep the...
Mocanu Associates Lawyers
Bucharest, Romania

Founded in 2000
50 people in their team
Romanian
English
Our law firm was set up in August 2000 by an experienced team of senior lawyers and it has been constantly a go-getter, standing beside clients and partners.�We value and attach a great deal of importance to long-term relationships with our clients and we take pride in having already celebrated...

Founded in 2006
200 people in their team
Romanian
English
Zamfirescu Racoti Vasile & Partners advises businesses, financial institutions, governmental entities and private clients on a large spectrum of matters, providing the guidance they need to compete and grow in today’s business environment and to manage and successfully overcome any potential...
Romanian Advocacy

Romanian Advocacy

15 minutes Free Consultation
Bucharest, Romania

Founded in 2011
3 people in their team
English
Romanian
Hebrew (modern)
Tudor is the Founder of Romanian Advocacy, a reputable attorney registered with the Bucharest Bar since 2011,  providing legal consultancy services mainly for entrepreneurs and investors in Romania.Within more than 15 years of solid exposure in high-profile civil litigation,...

Founded in 2015
2 people in their team
English
German
French
Podlovschi Vladimir, în prezent avocat titular în cadrul Cabinetului de Avocatură cu același nume este membru al Baroului București.A absolvit Facultatea de Drept din cadrul Universității București. Este, de asemenea, absolvent al Facultății de Psihologie - Universitatea București.În...
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About Foreclosure Law in Bucharest, Romania:

Foreclosure law in Bucharest, Romania, mainly falls under the broader national framework of Romanian civil and procedural law. Essentially, foreclosure refers to the legal process where a lender can recover some amount of a defaulted loan by selling or reclaiming the borrower's collateral. In Romania, the foreclosure system is judicial, meaning a court order is needed. If a borrower defaults their mortgage payments, the lender is allowed to foreclose on the mortgaged property to regain the borrowed amount.

Why You May Need a Lawyer:

Foreclosure law can be complex, and if you're facing a foreclosure, you may need a lawyer to understand your rights, dissect complicated legal documents, and potentially negotiate with your lender. A specialized foreclosure lawyer can help you identify procedural errors, guide you through the redemption period, challenge the terms of the mortgage, or help you apply for a loan modification. Additionally, a lawyer can represent you in court if you decide to fight the foreclosure.

Local Laws Overview:

Laws governing foreclosure in Bucharest align with national Romanian legislation. The New Civil Procedure Code (NCPC) and the Mortgage Law are two significant aspects. The foreclosure process must be initiated via a court procedure, and the lender cannot sell or seize the property without a court decision. Romania also comprises a 'right to redemption,' whereby a homeowner can regain their property by paying off the mortgage debt plus foreclosure fees within a certain timeline after the auction.

Frequently Asked Questions:

1. How long does a foreclosure process take in Bucharest?

It can vary significantly case by case, but typically, the process takes around six months to a year from the first missed payment.

2. Can I challenge the foreclosure?

Yes, with the help of a legal professional, you can challenge the foreclosure. Common bases for these challenges may include procedural issues or the terms of the loan.

3. Can I avoid foreclosure?

Possibly. Lenders often prefer payment over foreclosure and might be willing to negotiate loan modification, a short sale, or a deed in lieu of foreclosure.

4. What is a redemption period?

A redemption period is a period after the auction during which the original homeowner can keep the property by paying the mortgage debt in full plus any foreclosure fees.

5. Will foreclosure affect my credit score?

Yes. Foreclosure will have a significant negative impact on your credit score, making it more difficult to secure loans in the future.

Additional Resources:

For further information, you can contact the 'National Agency for Fiscal Administration' and 'National Authority for Consumer Protection.' References to the complete legal texts of the 'New Civil Procedure Code' and the 'Mortgage Law' are also available online.

Next Steps:

If you need legal assistance with foreclosure, consult with a foreclosure lawyer in Bucharest. The lawyer will understand your financial situation and devise a tailor-made plan to handle your case. Remember, legal help can make a significant difference in the end results of the foreclosure process.

Lawzana helps you find the best lawyers and law firms in Bucharest through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Foreclosure, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Bucharest, Romania - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.