Best Foreclosure Lawyers in Lisbon

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GFDL Advogados
Lisbon, Portugal

Founded in 2018
15 people in their team
Portuguese
English
French
Hungarian
Romanian
GFDL Advogados is an independent full-service law firm based in Lisbon. Our team comprises highly skilled advisors and lawyers with international experience in law and business affairs.Our dedicated teams handle all aspects of doing business and investing in Portugal. We consolidate intellectually...
Global Lawyers
Lisbon, Portugal

Founded in 1998
50 people in their team
Portuguese
English
Global LawyersGlobal Lawyers has a multidisciplinary team with proven experience and in-depth knowledge in all areas of law: litigation, public and private, corporate, real estate and foreign investment, out-of-court dispute resolution and arbitration, golden visa, visa and citizenship.We provide...
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Rogério Alves & Associados
Lisbon, Portugal

Founded in 2003
50 people in their team
Portuguese
English
WHO WE AREMORE THAN LAWYERS, WE ARE PARTNERS.We are a dedicated, qualified and multidisciplinary team, organized by areas of practice. We present solutions for all the needs of each Client. We advise Clients in a competent, permanent and solidary manner, so as to exercise their rights and fulfill...

Founded in 2000
200 people in their team
Portuguese
English
JPAB is a law firm dedicated to providing personalized legal services, balancing the balance between innovation and tradition.Maintaining its sophistication, and its rigorous although discreet attitude, JPAB accompanies diversified clients from different economic sectors and from different...
Teresa Patricio & Associados
Lisbon, Portugal

Founded in 2005
50 people in their team
Portuguese
English
"In the provision of legal services, ethics and attention to detail are fundamental pillars of justice.At TPA, we are proud to have always respected these criteria, resorting to them in our day to day handling of matters, together with our determination, dedication and professional quality in...

Founded in 1976
200 people in their team
Portuguese
English
Who We AreEach step of the deal is vital. Drawing upon a wealth of knowledge and experience our extensive track record of innovation enables our teams to deliver legal services of excellence every stage of the way. Our professionals are carefully selected for their advanced technical skills and...

Founded in 2001
200 people in their team
Portuguese
English
FOUNDED IN2001PRA - Raposo, Sá Miranda & Associados, Sociedade de Advogados, SP, RL is today the result of shared values, desires and goals that have created synergies and valences, in a firm of strong, dynamic, ambitious and well prepared lawyers.PRA - Raposo, Sá Miranda & Associados...
CSC Lawyers
Lisbon, Portugal

Founded in 2007
50 people in their team
Portuguese
English
About the law officeIn all portuguese law areas, which may be critical to our clients' decisions, we work seamlessly with like-minded professionals, with the same standards of client-service culture and international exposure. When clients request our input in other areas we may not be qualified...
CCA Law Firm
Lisbon, Portugal

Founded in 1949
200 people in their team
Portuguese
English
In a world updated to the second, we must be able to constantly adapt to change. CCA relies on a responsive attitude of adaptability to several scenarios and activity areas.We focus on the future and helping organisations to achieve the best, boldest, and most effective solutions for 70 years....

Founded in 2000
50 people in their team
Portuguese
English
ABOUT USA modern and multilingual office, a team of experienced and dedicated lawyers, with high specialization, capable of clear ideas in an increasingly complex world.The various departments operate globally in all sectors of business and the economy in general, especially in Europe and in...
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About Foreclosure Law in Lisbon, Portugal

Foreclosure law in Lisbon involves the process by which a mortgage lender or other lien holder takes possession of a property after the borrower fails to meet the terms agreed upon in their mortgage contract. In Portugal, foreclosure processes are judicial, meaning that they are conducted under the supervision of a court. The process may differ based on whether it is a commercial foreclosure or residential foreclosure. Properties can be auctioned by the court to settle the outstanding debt.

Why You May Need a Lawyer

You may require a lawyer to navigate the complex foreclosure laws in Lisbon, particularly when defending against a foreclosure. A lawyer can help you understand your rights, evaluate your legal options, negotiate with the lender for modifications or alternative solutions, and represent you in court if necessary. If you are looking to buy a foreclosed property, a lawyer can ensure the process is legal, confirm the property title is clear, and handle the closing to protect your interests.

Local Laws Overview

The key aspects of foreclosure law in Lisbon include the fact that foreclosures are typically judicial, the lender must file a lawsuit in court, and borrowers are entitled to a legal procedure before foreclosure proceeds. It's also important to remember that Lisbon follows Portugal's national law. It is typically the mortgage contract that will dictate the consequences of default. However, in cases where the property's auction does not cover the loan's outstanding balance, the law establishes a debt forgiveness system so the borrower doesn't have to pay the remaining balance to the bank.

Frequently Asked Questions

1. Can I stop the foreclosure process once it has begun?

Yes, you can challenge the foreclosure process or negotiate with your lender for alternative resolutions, such as loan modifications or repayment plans. A lawyer can provide advice on this.

2. What is a judicial foreclosure process?

A judicial foreclosure process is where the lender must file a lawsuit in court to foreclose on a property. This offers more protection to borrowers than non-judicial processes.

3. Can I buy a foreclosed property directly from the bank?

Yes, once a bank has foreclosed on a property, they often sell it to recover the loan amount. Make sure to seek legal advice to ensure the purchasing process is transparent and legal.

4. What happens if the sale of the foreclosed property doesn't cover my outstanding loan amount?

In Portugal, the law establishes a debt forgiveness system so that if the auction of the property does not cover the loan's outstanding balance, the borrower doesn't have the obligation to pay the remaining balance to the bank.

5. Do I have to move out immediately after foreclosure?

No, there will be a legal process to follow. Typically, upon the closure of the auction process, you will receive official notice to leave the premises, allowing you some time to make relocation arrangements.

Additional Resources

You can consult the website of the Portal da Habitação, a Portuguese government site dedicated to housing issues. The Procuradoria Distrital de Lisboa also provides useful resources and legal information regarding foreclosure in Lisbon.

Next Steps

If you require legal help to tackle foreclosure issues in Lisbon, Portugal, begin by seeking a local lawyer or legal services specializing in foreclosure laws. A legal expert can guide you through the process, help protect your rights, and explore possible alternatives to foreclosure. It's also recommended to engage early with your mortgage provider to seek potential solutions.

Lawzana helps you find the best lawyers and law firms in Lisbon 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 Lisbon, Portugal - 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.