Best Foreclosure Lawyers in New Zealand

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Evans Bailey Lawyers
Hamilton, New Zealand

Founded in 1994
50 people in their team
Māori
English
Evans Bailey Lawyers - Hamilton, NZAt Evans Bailey we pride ourselves on being a law firm that has the stability to ensure long service to its clients, the energy to pursue our clients best interests and the range of knowledge and experience to provide all round service.Looking to find a lawyer? We...
Turner Hopkins
Auckland, New Zealand

Founded in 1923
50 people in their team
Māori
English
Welcome to Turner HopkinsBARRISTERS, SOLICITORS & NOTARY PUBLICTurner Hopkins is a well-respected and trusted multi-service law firm located on the North Shore in Auckland. We first opened our doors in 1923, and with almost 100 years of experience, we pride ourselves on being able to provide a...
Jacobsen & Co Lawyers
Tauranga, New Zealand

Founded in 2005
10 people in their team
Māori
English
Kylee JacobsenLawyer |  DirectorKylee provides practical advice in a straight-forward way to her clients. Kylee's main areas of practice include, residential and commercial conveyancing, advising on commercial contracts including building contracts, commercial leases and terms of trade,...
Grayson Clements
Hamilton, New Zealand

Founded in 2000
50 people in their team
Māori
English
As trusted advisors to successful people and businesses in good times and bad, we champion our clients' interests, locally and globally. We are proud to help many of our clients use their success to make the world a better place.We advise individuals, families, businesses, government, educational...
Burley Castle Hawkins Law Limited
Tauranga, New Zealand

Founded in 2020
10 people in their team
Māori
English
Legal ServicesWhether its legal expertise covering Company & Commercial Law, Employment Law, Civil Litigation (including disputes), Family & Relationship Property Law, Conveyancing, Trusts or Wills & Powers of Attorney, we've got your back. The BCH Law team is dedicated to providing a...
Darcy Thomson Law Ltd
Christchurch, New Zealand

Founded in 2000
50 people in their team
Māori
English
At D’arcy Thomson Law we provide a high level of specialist property advice on all aspects of property transactions including commercial property, residential subdivisions and unit titles, but we are especially proud of our residential conveyance practice. Being able to come to our property based...
Evolution Lawyers
Auckland, New Zealand

Founded in 2000
50 people in their team
Māori
English
Auckland's Most Evolved LawyersWe are a general practice law firm adapted to the needs of modern New Zealanders and their businesses. Powered by technology and Kiwi ingenuity, we provide high-quality and cost-effective legal services in the areas of property, trusts and estates, commercial,...
Clyde Law Limited
Hamilton, New Zealand

Founded in 1999
50 people in their team
Māori
English
HAMILTON LEGAL EXPERTSClyde Law was established in 1999 in Hamilton East by Graeme Steed (LLB), an experienced practitioner with 30+ years experience.As a smaller client focused firm our aim is to establish strong working relationships with our clients and provide them with affordable, effective...
Cavell Leitch
Christchurch, New Zealand

Founded in 1923
200 people in their team
Māori
English
Cavell Leitch is a Christchurch based law firm that is here to help our clients, not make it harder. Since the firm was founded in 1923, the firm’s guiding values have remained the same: we provide our clients with clear advice and great service.As we head into our second century in business,...
Atticus Legal
Hamilton, New Zealand

Founded in 2000
50 people in their team
Māori
English
Let’s speak plainly …Like you, we value honesty and fair dealing, so let’s speak plainly……If we don’t have the skills required for your particular matter, we won’t pretend we do and then bill you for time spent learning how. In that case, we will recommend a lawyer who we believe is...
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About Foreclosure Law in New Zealand

Foreclosure is the legal process by which a lender can repossess a property when the borrower fails to make mortgage payments. In New Zealand, foreclosure is governed by the Property Law Act 2007 and the Land Transfer Act 2017.

Why You May Need a Lawyer

You may need a lawyer for foreclosure in New Zealand if you are facing foreclosure proceedings, need to negotiate with your lender, have questions about your rights, or want to explore alternatives to foreclosure such as a mortgagee sale or debt restructuring.

Local Laws Overview

In New Zealand, the lender must provide notice of its intention to foreclose on a property. The borrower has the right to redeem the property by repaying the outstanding debt within a specified period. If the property is sold in a mortgagee sale, the borrower may still be liable for any remaining debt.

Frequently Asked Questions

1. What is the foreclosure process in New Zealand?

The foreclosure process in New Zealand typically starts with the lender providing notice to the borrower of its intention to foreclose. If the borrower does not remedy the default, the lender can apply to the court for an order to sell the property.

2. Can I stop a foreclosure in New Zealand?

It may be possible to stop a foreclosure in New Zealand by negotiating with your lender, seeking legal advice, or exploring alternatives such as a mortgagee sale or debt restructuring.

3. What are my rights as a borrower in a foreclosure in New Zealand?

Borrowers in New Zealand have rights to receive notice of foreclosure proceedings, redeem the property by repaying the outstanding debt, and challenge the lender's actions in court.

4. Will I still owe money after a foreclosure in New Zealand?

If the property is sold in a mortgagee sale for less than the outstanding debt, the borrower may still be liable for the remaining debt. It is important to seek legal advice to understand your obligations.

5. How long does the foreclosure process take in New Zealand?

The foreclosure process in New Zealand can vary depending on the specific circumstances of the case. It is important to seek legal advice to understand the timeline and your options.

6. Can I negotiate with my lender to avoid foreclosure in New Zealand?

Yes, it may be possible to negotiate with your lender to avoid foreclosure in New Zealand. You may explore options such as a mortgagee sale, debt restructuring, or repayment plan.

7. Can I challenge a foreclosure in court in New Zealand?

Yes, borrowers in New Zealand have the right to challenge a foreclosure in court. It is important to seek legal advice to understand your rights and options for defending against foreclosure.

8. What are my options if I am facing foreclosure in New Zealand?

If you are facing foreclosure in New Zealand, you may explore options such as negotiating with your lender, seeking legal advice, considering a mortgagee sale, or exploring debt restructuring options.

9. How can a lawyer help me with foreclosure in New Zealand?

A lawyer can help you understand your rights, negotiate with your lender, defend against foreclosure proceedings in court, explore alternatives to foreclosure, and ensure your interests are protected throughout the process.

10. How much does it cost to hire a lawyer for foreclosure in New Zealand?

The cost of hiring a lawyer for foreclosure in New Zealand can vary depending on the complexity of the case and the lawyer's fees. It is important to discuss fees and payment arrangements with your lawyer before engaging their services.

Additional Resources

For additional resources related to foreclosure in New Zealand, you may consider contacting the New Zealand Law Society, Citizens Advice Bureau, or your local Community Law Centre for legal advice and assistance.

Next Steps

If you are in need of legal assistance for foreclosure in New Zealand, it is important to seek advice from a qualified lawyer who specializes in property law. A lawyer can help you understand your rights, negotiate with your lender, and navigate the foreclosure process to protect your interests.

Lawzana helps you find the best lawyers and law firms in New Zealand 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 New Zealand - 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.