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Facing Foreclosure? Here Are Reasons to Hire a Foreclosure Lawyer

by Tracy Finke

If you have received a foreclosure notice, you may decide to wait until you are forced out of your house. However, you should know that an Orlando foreclosure lawyer can help you with your case, and getting in touch with them sooner than later will increase your chances of achieving a positive outcome. Check this link to find a good lawyer.

When to Get Help

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If you have been falling behind your mortgage, your lender can start the foreclosure process so they can take back your property. Once this happens, they can put your property on the market and use the proceeds of the sale as payment for your loan.

Before the lender files an initial official foreclosure, they should notify you by mail about their intention to start foreclosure proceedings if you cannot get current on your loan. Once you get this letter from them, you should make up your mind to contact a foreclosure lawyer.

This is particularly important if you cannot catch up on your payments and want to keep your house. Your attorney won’t have all the time in the world to prepare a defense. Foreclosure defense can be quite complicated because building it requires reading and understanding complex documents such as statutes and past court rulings.

And because this is something a foreclosure does every day, they can easily come up with the best defense against the foreclosure you are facing. So, waiting too long to contact them can result in you lagging behind the deadline. In fact, it can be too late to get back home.

How a Foreclosure Lawyer Can Help

Source: experian.com

Foreclosure laws are complex and difficult to master. If you want to challenge the foreclosure, you must understand how to file documents in court and prepare evidence. This is the reason you will need an experienced foreclosure lawyer to counsel you about your legal options.

For instance, they can work out a deal known as “loss mitigation” to prevent foreclosure. In addition, the attorney can fight the foreclosure on your behalf or file a Chapter 13 bankruptcy to save your house. The following are the best reasons you should hire a foreclosure lawyer:

  • They Understand the Law. If you don’t hire an attorney, you will never know your lender’s possible violation. A lot of laws outline the legal actions lenders can take. A good attorney is aware of these laws and knows when a lender broke them. They will use the lender’s violation as a defense to increase your chances of keeping your house.
  • They Know How the Foreclosure Process Works. When you face foreclosure, you will need to get, fill out, and submit forms within a specific deadline. Also, you are given just days to respond to the complaint. If you are like many homeowners, you probably don’t know about the process and how it works. Without knowledge of this process, you may end up hurting your case. A skilled lawyer knows this process since they have dealt with it regularly and can give you advice on what to expect.
  • They Can Review Your Case Without Charging a Fee. Because you probably fell into tough times financially, you may think you can’t afford to consult a lawyer. Thankfully, the majority of foreclosure attorneys review cases for free and provide practical legal advice. Also, you can expect them to be honest and upfront on how much the case might cost you.
  • They Can Help You Explore Other Options. Despite the foreclosure you are facing, your attorney will let you know of other options you can explore. When you act quickly, your lender might agree to work with you and agree to let you stay in your house when you consider a loan modification. This option lets you change a lot of the terms of your loan including the length, interest rate, and principal. With such a modification, you can more easily pay your mortgage and keep your home.
  • They Can Defend Your Rights. Under the law, banks that file for foreclosures should follow strict guidelines. However, if you don‘t have legal counsel, a bank may take advantage of this and sue loopholes to accelerate the process. A skilled foreclosure lawyer knows the shortcuts banks may use and defend you against them. Sometimes, your attorney can get the foreclosure case dismissed by proving the bank violated the law.
  • They can file paperwork promptly. Once you get a foreclosure notice, you must take action quickly. You must understand and respond to the notice within a specific timeline. Thus, to fight the foreclosure, you must file the necessary paperwork in court, meet deadlines, and prepare for the trial. Keep in mind that just because you have a valid defense does not automatically mean you will win the case. You will waste your efforts if you make a mess of the paperwork. However, this is something you don’t have to worry about if you work with a foreclosure lawyer.

What to Expect from Your Lawyer?

Source: kellylegalgroup.com

Your foreclosure attorney will educate you about what to expect before, during, and after the foreclosure. Also, they will tell you the type of problems that might arise, how to handle them, and when certain events happen. Moreover, your attorney must be upfront about their rates. They may ask you to sign a retainer agreement that covers the services the lawyer will give and how you will pay for such services.

A great attorney keeps your information and conversations confidential. They are expected to put your interests ahead of their own. They must act lawfully and ethically according to the rules of professional conduct when they represent you.

If you have been behind on your mortgage payments or are facing foreclosure, you don’t need to go through it alone. A skilled foreclosure lawyer can defend you against foreclosure and do their best to help you stay in your house. If you believe you cannot afford to hire an attorney, look for an attorney that offers a free initial consultation to at least get legal advice.