Best Foreclosure Lawyers in Hong Kong

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Chan & Co., Y.T.
Admiralty, Hong Kong

Founded in 1977
18 people in their team
Chinese
English
BACKGROUNDY.T. Chan & Co. was founded by Mr. Y.T. Chan in 1977. Mr. Leon N. L. Chan took over the firm as sole proprietor in 1983. It has since grown from its original size of 2 lawyers to its presence size of 18 lawyers and around 30 supporting staff. The firm now offers a wide range of...
Reed Smith LLP
Quarry Bay, Hong Kong

Founded in 2006
5,000 people in their team
Chinese
English
Reed Smith was one of the first international law firms to commit to building a presence in the United Arab Emirates (UAE). We deepened our roots in the region when we opened our Dubai office in 2006. Our dedication to the growth and potential of the UAE have garnered strong relationships with some...
Wilkinson & Grist
Central, Hong Kong

Founded in 1883
50 people in their team
Chinese
English
HISTORYWilkinson & Grist ้ซ˜้œฒ้›ฒๅพ‹ๅธซ่กŒ is one of Hong Kongโ€™s oldest and most established law firms with a long tradition of excellence. Its history is traced back to 1883 when the firm was founded by Mr Daniel Edmund Caldwell. In 1886 he was joined by Mr. Charles David Wilkinson and the...
Sullivan & Cromwell
Central, Hong Kong

Founded in 1992
5,000 people in their team
Chinese
English
Established in 1992, Sullivan & Cromwellโ€™s Hong Kong office serves as a strategic point for significant transactions that involve Greater China and Asia Pacific companies or assets. The Firm also advises clients on significant cross-border transactions in the rest of Asia and elsewhere in the...
Lau, Chan & Ko
Central, Hong Kong

Founded in 1951
50 people in their team
Chinese
English
Lau Chan & Ko , Solicitors & NotariesFounded in 1951, Lau Chan & Ko was originally known as Tso & Hodgson. Being one of the most established and progressive law firms in Hong Kong, we enjoy a rich history since the early years of Hong Kongโ€™s development as a leading...
SAVVI Property Rental Hong Kong
Central, Hong Kong

English
SAVVI Property Rental Hong Kong stands at the forefront of the real estate industry, offering an extensive suite of services that range from database management and business center solutions to commercial real estate agency support. Leveraging years of in-depth experience in the Hong Kong market,...
Haldanes Solicitors
Sheung Wan, Hong Kong

Founded in 1975
18 people in their team
Chinese
English
About UsHaldanes is an award-winning law firm in Hong Kong experienced in serving the needs of clients, both locally and throughout the Asia-Pacific. Established in 1975, the partners have an extensive collective knowledge of legal practice in the region. We cover Civil Litigation & Dispute...
Serious Strike LLC
Central, Hong Kong

Founded in 2018
English
Serious Strike LLC, based in Hong Kong, specializes in intellectual property protection, offering comprehensive legal solutions to safeguard the revenues and reputations of companies across various industries. With over a decade of experience, the firm has developed a deep understanding of...
Kevin Ng & Co., Solicitors
Central, Hong Kong

Founded in 1999
50 people in their team
Chinese
English
About UsEstablished since 1999, KEVIN NG & CO., SOLICITORS ("KNC") at present comprises of six legal professionals: Mr. Kevin Ng, Senior Partner; Mrs. Cecilia Wong, Partner; Mr. Wing Lung Kwok, Consultant;  Mr. Alex Lam, Associate; and Ms. Mandy Wong, Associate.The aspiration of Kevin Ng...
Fongs
Yuen Long, Hong Kong

Founded in 2006
10 people in their team
Chinese
English
The FirmFONGS is a Hong Kong-based law firm which, since the day of its opening, has been providing professional and high quality legal services to local, PRC and international clients.Our interdisciplinary team offers a full array of legal services to all types of individuals and corporations and...
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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.