Best Foreclosure Lawyers in Hong Kong

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Lim & Lok
Central, Hong Kong

Founded in 2000
50 people in their team
Chinese
English
Lin Luo Law Firm has always been committed to providing high-quality and efficient legal advice and services to all walks of life, and treats every client with a professional, timely and responsible attitude.The head office in Hong Kong has been established for 10 years, and its lawyers and teams...
Liat Go Lawyer
Central, Hong Kong

Founded in 2000
50 people in their team
Lawyer Liat GoMiss Liat Go has been in legal practice over 20 years and she offers a wide range of services. The areas of practice include Conveyancing, Matrimonial, Probate & Administration, Civil Litigation & Criminal Litigation.  She is also a Civil Celebrant of Marriages and...
To Wai Keung
Central, Hong Kong

Founded in 1985
50 people in their team
Chinese
English
About Us"W. K. To & Co's 'competency level is above other leading firms in the region'."  - Legal 500 Founded in 1985, W. K. To & Co. is a leading full-service independent law firm in Hong Kong, advising some of the largest local and international corporations with business...
JAL N. KARBHARI & CO.
Kowloon, Hong Kong

Founded in 1999
10 people in their team
Chinese
English
At Jal N Karbhari & Co., Solicitors & Notaries we are committed to operating on the cutting edge of legal practice. Our vision, as a dynamic network of specialists, is to be champions for our clients' strategic goals.Our focus on client service and results are reflected...
Tonys Lawyers
Central, Hong Kong

Founded in 2002
10 people in their team
Chinese
English
Who We AreTonys Lawyers was founded by a number of experienced lawyers who had been working and practicing for around or more than 20 years in Hong Kongโ€™s top tier local and international law firms. Each of them has been well recognized in their respective practice areas, i.e. corporate and...
RPC

RPC

Quarry Bay, Hong Kong

Founded in 2000
1,000 people in their team
Chinese
English
Hong Kong is at the cross-roads of the global business community. Our award-winning and leading lawyers have decades of experience acting for clients in Hong Kong, China and throughout the Asia-Pacific region.We have an excellent reputation for delivering top quality advice and client service on...
FORWARD SIU FAN VIOLA
Sheung Wan, Hong Kong

Founded in 2000
50 people in their team
Chinese
English
Let Us Take Care of Your Legal MattersFORWARD & CO. LAWYERS is a well established legal firm located in the central business district of Hong Kong.  Our mission is to assist our clients to safely navigate the legal landscape and make informed decisions in order to achieve a...
Holman Fenwick Willan
Admiralty, Hong Kong

Founded in 1982
50 people in their team
Chinese
English
HFW was one of the first international law firms to open an office in Hong Kong, and we have now been serving clients in the region for over 40 years.We have a team of more than 70 lawyers providing specialist advice on a wide range of contentious and transactional matters, including across HFW's...
CLM Lawyers
Central, Hong Kong

Founded in 2000
50 people in their team
Chinese
English
About CLM Lawyers CLM Lawyers is an independent law firm that provides wide range of services to our clients. We believe our clients are our highest priority. Our team has in-depth experience in various industries and is committed to deliver flexible solutions to clients of different...
Deacons
Sheung Wan, Hong Kong

Founded in 1851
55 people in their team
Chinese
English
The Deacons DifferenceSince 1851, we have been developing a unique culture, which blends traditional client care with modern technology and working practices. Our integrity and dedication to the highest service standards is matched by our cosmopolitan nature and commitment to innovation.The...
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About Foreclosure Law in Hong Kong:

Foreclosure is a legal process that allows a lender to take possession of a property when the borrower fails to make mortgage payments. In Hong Kong, foreclosure is governed by the Land (Compulsory Sale for Redevelopment) Ordinance and the Land (Compulsory Sale for Redevelopment) Rules.

Why You May Need a Lawyer:

You may need a lawyer for foreclosure in Hong Kong if you are facing difficulties in making mortgage payments, receiving notices from the lender, or facing a potential foreclosure action. A lawyer can help you understand your rights, negotiate with the lender, or represent you in court.

Local Laws Overview:

Under Hong Kong law, lenders have the right to foreclose on a property if the borrower defaults on the mortgage. The lender must follow specific procedures outlined in the Land (Compulsory Sale for Redevelopment) Ordinance before the property can be sold at auction. It is essential to seek legal advice to understand your rights and obligations in a foreclosure proceeding.

Frequently Asked Questions:

1. What is foreclosure?

Foreclosure is a legal process that allows a lender to take possession of a property when the borrower fails to make mortgage payments.

2. How long does the foreclosure process take in Hong Kong?

The foreclosure process can vary depending on the circumstances, but it typically takes several months to complete in Hong Kong.

3. Can I stop a foreclosure once it has started?

It may be possible to stop foreclosure proceedings through negotiations with the lender, loan modifications, or filing for bankruptcy. A lawyer can help explore your options.

4. What are my rights as a borrower in a foreclosure proceeding?

Borrowers have the right to be notified of foreclosure proceedings, present defenses in court, and redeem the property before the foreclosure sale.

5. Do I need a lawyer for foreclosure in Hong Kong?

While you are not required to have a lawyer for foreclosure, it is highly recommended to seek legal advice to understand your rights and options.

6. Can I negotiate with the lender to avoid foreclosure?

Yes, you can negotiate with the lender to explore options such as loan modification, repayment plans, or refinancing to avoid foreclosure.

7. What happens if my property is sold at a foreclosure auction?

If your property is sold at a foreclosure auction, the proceeds will be used to pay off the mortgage debt, and any remaining amount will be returned to you.

8. Can I file for bankruptcy to stop foreclosure?

Filing for bankruptcy can temporarily stop foreclosure proceedings under an automatic stay. However, it is essential to consult with a lawyer to understand the implications of bankruptcy on your property.

9. How can a lawyer help me in a foreclosure proceeding?

A lawyer can help you understand your rights, negotiate with the lender, represent you in court, and explore alternative solutions to foreclosure.

10. What are the consequences of foreclosure on my credit score?

Foreclosure can have a significant impact on your credit score and make it challenging to obtain credit in the future. It is essential to seek legal advice to understand the long-term consequences.

Additional Resources:

If you need legal advice or assistance with foreclosure in Hong Kong, you can contact the Hong Kong Legal Aid Department, the Hong Kong Bar Association, or a local law firm specializing in property and real estate law.

Next Steps:

If you are facing foreclosure or have questions about the process, it is crucial to seek legal advice as soon as possible. Contact a lawyer specializing in foreclosure in Hong Kong to discuss your options and protect your rights.

Lawzana helps you find the best lawyers and law firms in Hong Kong 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 Hong Kong - 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.