Are you facing the Risk of Foreclosure? Here Are Reasons Why You Need Legal Representation
Are you facing the risk of foreclosure? Then, you need to take certain steps to ensure that you don’t compromise your case. One of them is enlisting the services of an attorney dealing with foreclosure cases. They will help you avoid mistakes that can impact your case or make you lose your home. Therefore, if you have not made your mortgage payments for some time, consult a foreclosure attorney immediately. A legal advisor will help you in the following ways.
They Will Defend Your Rights
The law prohibits lenders from harassing and taking advantage of borrowers who don’t understand the law. However, some of them disregard these laws to take advantage of lenders to get their desired results. This explains the reason why you should enlist the services of an attorney to help you with the foreclosure process. They understand the laws and regulations that lenders should follow when acquiring a house from a lender who has defaulted on their loan repayment. Therefore, they will ensure that your lender does not take advantage of your inadequacy in law when discussing loan modification. Your lawyer will also ensure that your lender does not use illegal strategies to acquire your house.
They will help you keep Your House
Foreclosure processes are complex and hard to understand. This is because different states have varying foreclosure laws. Therefore, it is advisable to speak to an attorney who understands these processes so that you can know what to do and avoid them so that you don’t lose your house. They will start by explaining your state’s laws and what you need to do before your lender completes the foreclosure process.
Your legal advisor will then advise you on various repayment plans and negotiate a repayment plan with your lender. If this succeeds, your lender will give you time to make the outstanding payment. Your attorney might also negotiate for lower interest rates, which will make it easier for you to repay what you owe. Most importantly, they will help you fill out the paperwork and file documents. This will prevent costly mistakes that might give your lenders an upper hand in your case.
Unfortunately, your lender might refuse to give you more time to repay your loan even after extensive negotiations with your attorney. In such a case, your lawyer will advise you to declare bankruptcy. Note that you have to complete this process before your lender gets a court order to acquire your home. Therefore, a foreclosure lawyer White Plains will advise you to consider enlisting their services so that they can help you file as soon as possible. They will take all the necessary steps to ensure that your application is successful. This will enable you to keep your house and also get time to pay what you owe without threats from your lender.
So many things can go wrong if you handle the foreclosure process yourself. For instance, you might make mistakes that can make you lose your home. However, if you hire a foreclosure attorney, they will take all the necessary steps to ensure that you keep your house and get time to repay your loan.