Best Foreclosure Lawyers in Taiwan

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Meridian Attorneys-at-Law
Taipei, Taiwan

Founded in 2004
50 people in their team
Chinese
English
Lawyers Lin Shengjun and Yang Junyuan founded the firm in 2004, and Lawyers Fan Jinkui, Lin Yajun, and Liu Lan joined the founding team in 2005.We take "protecting rights and going all out" as our core value and adhere to a rigorous style to build credibility and are deeply trusted by clients. In...
Perkins Coie LLP
Taipei, Taiwan

Founded in 1912
2,875 people in their team
English
Perkins Coie is a leading international law firm that is known for providing high value, strategic solutions and extraordinary client service on matters vital to our clients' success. With more than 1,200 attorneys in offices across the United States and Asia, we provide a full array of corporate,...
Lee And Li
Taipei, Taiwan

Founded in 1965
1,000 people in their team
Chinese
English
Our core values of “we care,”“we serve,” and “we excel”ᅠguideᅠourᅠeveryᅠaction.ᅠWeᅠrecruitᅠseasoned experts and emerging talents, offerᅠcontinuedᅠlegal educationᅠandᅠtraining,ᅠencourageᅠinnovation,ᅠand promoteᅠteamworkᅠacrossᅠdifferentᅠfieldsᅠand...
FDLAW
Taipei, Taiwan

Founded in 2000
50 people in their team
Chinese
English
Personal service from a team of senior lawyersLegal consultation, corporate legal advisory servicesOur firm is a Taipei law firm and has been selected as the best Taipei lawyer recommendation. Our professionals have worked in Taiwan’s top five law firms and the top four accounting firms. All...
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About Foreclosure Law in Taiwan

Foreclosure law in Taiwan is subject to strict regulation, allowing lenders to reclaim properties only when borrowers have been unable to meet their mortgage obligations. The legal process begins when a lender, typically a bank, files a lawsuit seeking permission to sell the property in question to recoup the loan amount. In Taiwan, this is done through the procedure called 'auction' where the Judicial Yuan, the judicial branch of the Republic of China, carries out the auction process. Foreclosure actions can be complicated by the debtor's right to redemption, which allows a defaulted borrower the chance to buy back their property up to a year after the foreclosure sale.

Why You May Need a Lawyer

Legal advice may be required for foreclosure in Taiwan in multiple situations. First, if you are a homeowner facing foreclosure, understanding your rights and best course of action can be difficult. An experienced attorney can explain your options, protect your legal rights, and help you navigate the legal process. Additionally, if you're a buyer interested in purchasing a foreclosed property, you may need legal help to navigate the auction process, conduct title searches, or resolve disputes that may arise from a foreclosure purchase. Moreover, if you are an investor or a lender, you may require a lawyer to aid in filing the lawsuit for foreclosure.

Local Laws Overview

The local laws in Taiwan surrounding foreclosure primarily pertain to auctions, right of redemption, and mandatory mediation. The Judicial Yuan governs the auctioning processes and the proceeds are used to satisfy the debt. Additionally, Taiwan gives the right of redemption to borrowers, enabling them to reclaim their property by paying off the outstanding mortgage debt up to a year after the foreclosure sale. Lastly, depending on some cases, mediation may be required before foreclosure can proceed, and this will be done by the Mediation Committee.

Frequently Asked Questions

1. Can I stop a foreclosure once it starts?

Yes, it is possible to stop a foreclosure after it has begun. An attorney can help you find possible defenses, negotiate a loan modification, or file for bankruptcy which can potentially halt a foreclosure action.

2. How long does a foreclosure process take in Taiwan?

The process can take a long time, often between six months to a year, or even longer depending on the specifics of the case.

3. What is a right of redemption?

This is a protection provided to homeowners enabling them to buy back their property after a foreclosure sale by paying off their outstanding mortgage debt.

4. What is mandatory mediation?

In some cases, a mediation process may be required before foreclosure, it helps both parties to attempt to find a solution or an agreement to avoid foreclosure.

5. Can I buy a foreclosed home at an auction?

Yes, foreclosed properties are typically auctioned off as per the local laws. However, it’s recommended you seek legal advice to help navigate the auction process.

Additional Resources

The Republic of China's Judicial Yuan website is a good resource for understanding the foreclosure and auction processes. Other useful resources include local law libraries and legal aid organizations.

Next Steps

If you need legal assistance in Foreclosure, consult with a qualified attorney familiar with foreclosure laws in Taiwan. Remember that every situation is unique, so it is in your best interest to get personalized advice. Furthermore, it is important that any documentation related to the foreclosure is organized and readily available for your lawyer to review. Always remember to keep open communication with your lawyer to ensure you are on the same page.

Lawzana helps you find the best lawyers and law firms in Taiwan 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 Taiwan—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.