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...
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...

Founded in 2018
50 people in their team
Chinese
English
OverviewACHIEVING SUCCESSFUL OUTCOMES TOGETHER We are a young independent law firm, but with decades of experience providing bespoke legal advice and exceptional client service to individuals, families, entrepreneurs and businesses, in Hong Kong and internationally.Our solicitors have achieved...
Axiom Law (Hong Kong)
Central, Hong Kong

Founded in 2000
5,000 people in their team
Chinese
English
A new era of alternative legal services providersAxiom is the global leader in high-caliber, diverse legal talent. With over 5,800 lawyers spanning North America, the UK, Europe, and APAC, we enable corporate legal departments to drive efficiency and growth and to adapt to a demanding new era.Asia...

Founded in 2002
50 people in their team
Chinese
English
Cheung and Choy was established by Simon Cheung and Choy Man in 2002. Since then, we have built a wealth of experience in many major aspects of the law in Hong Kong, in particular, we have considerable experience in corporate finance, such as IPO, mergers and acquisitions, rights issues, share...
Slaughter and May
Central, Hong Kong

Founded in 1974
5,000 people in their team
Chinese
English
HONG KONG OFFICEWe have a long-standing presence in Asia and opened our office in Hong Kong in 1974.We have extensive experience of a wide range of work involving Hong Kong, the People's Republic of China and Asia.We act for many of the world's leading companies who choose us because we share their...
Mayer Brown
Central, Hong Kong

Founded in 1863
200 people in their team
Chinese
English
Mayer Brown is a distinctively global law firm, uniquely positioned to advise the worldโ€™s leading companies and financial institutions on their most complex deals and disputes.With extensive reach across four continents, we are the only integrated law firm in the world with approximately 200...
Tony Kan & Co
Shatin, Hong Kong

Founded in 1984
16 people in their team
Chinese
English
About usFounded in 1984, Tony Kan & Co. is one of Hong Kong's established law firms providing a comprehensive range of professional legal services to our Clients.The Partners of our firm are well experienced in legal services, some of them had worked in senior positions in the Department of...
Charltons
Wanchai, Hong Kong

Founded in 1998
50 people in their team
Chinese
English
Hong Kong Corporate Finance Law FirmCharltons is a leading boutique Hong Kong law firm. Charltons focuses on corporate finance and provides cutting edge legal advice to Hong Kong, PRC and international clients with an emphasis on the mining sector. Charltons is a Hong Kong law firm...
Sun Lawyers LLP
Admiralty, Hong Kong

Founded in 2003
50 people in their team
Chinese
English
about usSzeto & Lee Solicitors Limited Liability Partnership (formerly known as WS Szeto & Lee Solicitors, now known as Sun Lawyers LLP) was established in 2003 and was converted into a limited legal liability partnership on June 10, 2017. It is a Hong Kong-based company. The base of 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.