Discussing Options With A Foreclosure Attorney

Hiring a foreclosure attorney could be one of the best steps you take. This process is one that entails various steps. Many of them occur behind the scenes where attorneys work to push the courts into foreclosing on a property as the result of non-payment of debts owed. Yet, for those who wish to keep their home, there are options available. It is a good idea to have a lawyer by your side as this can help to minimize the risks you have of not getting the type of outcome right for you. Sometimes, you just want to know your options too.

Stalling the Proceedings


One of the reasons to hire a foreclosure attorney is to help stall the courts from going through with foreclosing on your home or other real estate. Many homeowners just need more time to get the funds together to keep their home out of this situation. It is not easy, but it is an option in some cases. Below are some of the options attorneys can help you with in delaying or overcoming this legal process?

Short Sales and Selling the Home

One option for some individuals is to sell their home. This option protects the homeowner's credit and any investment into the property. If the homeowner cannot find a buyer at full price, a short sale process may be an option. This allows the property owner to sell the home for less than what is owed. The lender must agree to this, which is why it is important to have legal guidance on your side.

Modification

For those who wish to remain in their home, it may be an option to modify the loan. Lenders do not have to do this. Even if government programs request that they do, there is no law that says they have to. However, a lawyer can help to provide help in encouraging the lender to modify the loan so that the debt is caught up.

Contesting Proceedings

As mentioned, the foreclosure process is one that entails various legal proceedings. With the aid of a lawyer, you can contest various steps in the proceedings. Were you given fair and accurate notice of the intent to foreclose? Was the lender in violation of another legal requirement? Your lawyer can help you to fight the proceedings based on these types of missteps.

Ultimately, a foreclosure attorney can help to protect your right in a home. Individuals may wish simply to talk about their options with a legal professional to find out what can be done. There is no guarantee of a solution, but in many cases, there is help available to help you to get through the process with the best possible outcome.

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