Best Foreclosure Lawyers in Milan

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Free Guide to Hiring a Real Estate Lawyer


English
Established in 2007, Legance - Avvocati Associati is an independent Italian law firm with offices in Milan, Rome, and London. The firm was founded by a group of seasoned professionals united by shared objectives: delivering high-quality legal services, anticipating client needs, and fostering the...
Studio Legale Reni
Milan, Italy

Founded in 2000
50 people in their team
Italian
English
Studio Legale Reni - professional legal support backed by diversified expertiseBy contacting us, you will obtain extrajudicial and judicial assistance, both nationally and internationally. We will advise, support, and defend you. Professionally.A network of experts and professionalsOur firm boasts...

Founded in 2003
English
BRUNO & ASSOCIATI Studio Legale Internazionale is a distinguished Italian law firm specializing in corporate law, with a particular focus on supporting the international development of luxury brands and protecting the "Made in Italy" heritage. Founded and led by the acclaimed attorney Bernardo...

English
CP-DL Capolino-Perlingieri & Leone is a distinguished law firm with offices in Milan and Lugano, offering comprehensive legal services across various practice areas. The firm is committed to delivering tailored solutions that address the unique needs of each client, ensuring a personalized and...

Founded in 2000
200 people in their team
Italian
English
About usCMS is a Future Facing firm. With 78 offices in more than 40 countries and 5,000+ lawyers worldwide, we combine deep local market understanding with a global overview, giving us the ability not only to see whatโ€™s coming, but to shape it. In a world of ever-accelerating change where...

Founded in 1880
50 people in their team
Italian
English
Preliminary assessment of the matter and detailed estimated'Ambrosio Borselli Studio Legale Associato, provides legal services designed on the basis of specific customer needs, therefore the first phase is necessarily that of a pre-examination of the matter to evaluate its usefulness for the...
Milan, Italy

Founded in 2006
English
LMS Studio Legale is a distinguished Italian law firm renowned for its comprehensive legal services across various practice areas, including corporate law, mergers and acquisitions, banking and finance, and dispute resolution. With a team of seasoned attorneys, the firm delivers tailored solutions...

Founded in 1988
English
Established in 1988, Giliberti Triscornia e Associati is a distinguished Italian law firm renowned for its expertise in mergers and acquisitions (M&A), private equity, banking and finance, corporate and financial restructuring, as well as litigation and arbitration. The firm has a proven track...
Carnelutti Law Firm
Milan, Italy

English
Carnelutti Law Firm stands as a beacon of legal excellence in Italy, offering unparalleled expertise across various practice areas. Renowned for their deep understanding of Italian and international law, the firm provides strategic counsel and innovative solutions tailored to the complexities of...
Studio Legale Gatto
Milan, Italy

Founded in 1974
English
Established in 1974 by Andrea Gatto, Studio Legale Gatto is a boutique law firm based in Milan, Italy, with a strong international perspective. The firm specializes in corporate law, mergers and acquisitions (M&A), labor law, and other related fields. With a history spanning over five decades,...
AS SEEN ON

About Foreclosure Law in Milan, Italy

Foreclosure, or "pignoramento" in Italian, in Milan, Italy, pertains to the legal process by which lenders attempt to recover the balance of a loan from borrowers who have stopped paying, typically by forcing the sale of the asset used as the collateral. The process is usually initiated by banks or mortgage lenders seeking to take possession of a property due to the borrower's default on the mortgage payments. The foreclosure process in Italy involves several legal proceedings and is governed by Italian Civil Procedure Code, underlining a strict and regulated framework that ensures that borrowers are given fair opportunities to settle their debts before the property is repossessed.

Why You May Need a Lawyer

The foreclosure process can be complex and emotionally taxing, often requiring professional legal guidance. Common situations where individuals may require legal help include:

  • Disputing the Foreclosure: If you believe that the foreclosure was initiated unlawfully or mistakenly.
  • Navigating Complex Paperwork: Understanding and managing extensive legal documentation.
  • Negotiating Settlements: Seeking renegotiation of terms to avoid foreclosure.
  • Filing for Bankruptcy: If declaring bankruptcy is a viable option to halt foreclosure temporarily.
  • Defending Against Fraudulent Claims: Protecting against fraud by lenders or third parties.

Local Laws Overview

Foreclosure proceedings in Milan, Italy, are significantly influenced by national legislation, but there are local nuances to be aware of:

  • Notice Requirement: Borrowers must be given due notice and adequate time to remedy defaulting payments before foreclosure actions proceed.
  • Judicial Foreclosure: The process is judicial, meaning it is handled through court hearings ensuring both parties have representation and a chance to present their case.
  • Right of Redemption: Borrowers might have the right to reclaim their property by paying off their debt entirely, known as "diritto di riscatto."
  • Auction Process: If foreclosure proceeds, the property is typically sold at a public auction.

Frequently Asked Questions

What is foreclosure?

Foreclosure is the legal process by which a lender recovers the amount owed on a defaulted loan by taking ownership and selling the mortgaged property.

How long does the foreclosure process take in Milan?

The foreclosure process can be lengthy, often taking several months to over a year, due to legal protections and judicial procedures in place.

Can I stop foreclosure once it starts?

Yes, borrowers can often halt foreclosure by paying off the default amount or negotiating new terms with the lender, depending on the stage of foreclosure.

What fees are involved in foreclosure?

Costs may include legal fees, court costs, and expenses related to the sale of the property, potentially adding significant financial burden.

Can I negotiate with the bank during foreclosure?

Yes, parties often negotiate payment plans or loan modifications to prevent the foreclosure process from continuing.

What rights do I have as a borrower in a foreclosure?

Borrowers hold multiple rights, including receiving notice, contesting the procedure, and redeeming their property before the sale.

Is it possible to sell my property while in foreclosure?

Yes, it's common to sell the property through a short sale arrangement to satisfy debts and avoid further legal actions.

How does the auction process work?

The judicial auction is a public event where the foreclosed property is sold to the highest bidder, often supervised by the court.

Can foreclosure be averted through bankruptcy?

Filing for bankruptcy can temporarily delay foreclosure by initiating an automatic stay, but it does not eliminate debt obligations.

What's the role of a lawyer in foreclosure?

A lawyer can help defend your rights, negotiate settlements, process paperwork, and offer guidance through complex legal and financial issues.

Additional Resources

For further assistance, consider contacting these resources:

  • Ordine degli Avvocati di Milano: The local bar association can help find qualified lawyers specializing in foreclosure.
  • Centro Tutela Consumatori: Offers consumer protection advice and support for individuals facing foreclosure.
  • Ministero della Giustizia: Provides information on the legal framework and rights related to foreclosure.

Next Steps

If you find yourself facing foreclosure or needing legal assistance, here are the recommended steps:

  • Contact a Lawyer: Engage a legal professional with expertise in foreclosure to assess your case.
  • Review Your Finances: Understand your financial situation and explore potential repayment or negotiation options available.
  • Prepare Documentation: Gather all related documents, including mortgage agreements and any correspondence with lenders.
  • Seek Mediation: Consider mediation services to explore alternative dispute resolutions and negotiate with lenders.
  • Stay Informed: Keep abreast of any changes in local and national foreclosure laws that might affect your situation.
Lawzana helps you find the best lawyers and law firms in Milan 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 Milan, Italy - 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.