When to Consult with a Foreclosure Attorney

Have you received a notice of foreclosure from your lender? This is one of the scariest things that can ever happen to you. Before you become too afraid, here is something you need to know: this doesn’t mean your home will be repossessed tomorrow. You still have time to make the changes necessary to save your home.

Many people neglect to consult with a foreclosure attorney. Instead, they opt to communicate with the lender on their own. While this is your right, it can put you at a disadvantage. There are many reasons for this, including the fact that you may not fully understand the laws or your many options.

If you truly want to save your home, it makes sense to consult with a foreclosure attorney as soon as possible. This person can review your case, provide guidance, and help you understand which steps you need to take.

Note: one mistake, no matter how minor it may appear, can put you in a worse position. When you work with a foreclosure attorney, you don’t have to worry about these types of mistakes getting in the way.

How an Attorney can Help

It is one thing to consult with a foreclosure attorney. It is another thing entirely to understand what this person can do for you. Once you realize what you are getting, it is much easier to decide that you need a legal team on your side.

Here are a few ways an attorney can help:

  1. Explain the types of foreclosure defense. There is more than one strategy to consider, and you need to be familiar with each and every one.

Your attorney can explain your options, and then help you decide which defense gives you the best chance of success. In the end, the only thing that matters is that you take steps towards saving your home.

  1. Explain foreclosure mediation. If you don’t know the first thing about foreclosure mediation, here is how we describe it on our “foreclosure mediation” webpage:

“Foreclosure mediation is the process of negotiating with the bank with the goal of working out a mutually beneficial deal. Both sides have an idea of what they want to happen, and the mediation process allows them to “give and take” with hopes of coming to a final agreement.”

In other words, you and the lender need to get on the same page. You need to work something out that both sides can be happy with.

Here is the challenge: you have one thing on your mind but the bank is thinking about something else. Over time, you need to give a little bit while the bank does the same. This is the only way to eventually agree on something that both parties can live with.

Why do this on your own when a foreclosure attorney can negotiate on your behalf? An experienced professional can mediate the situation, helping you understand what to expect, when to give in, and when to fight for more.

  1. Answers to all your questions. If you have never faced foreclosure in the past, you won’t know what to expect moving forward. When you work with an attorney, no question will go unanswered.

Some of the questions you may ask include:

  • What is the best strategy for saving my home?
  • Would it be better to consider a short sale?
  • How much time do I have?

Don’t worry about asking too many questions. Your attorney wants you to understand the process and is more than willing to provide you with the information you require.

If you have any questions about foreclosure, if you are ready to hire an attorney to assist you, don’t hesitate to contact us online or via phone at 410-324-2116.

Our goal is to help you better understand your rights, while helping you avoid foreclosure. It may sound impossible. You may be extremely worried about your home. No matter how bad everything looks, there is always something that can be done. With our help, you don’t have to worry any longer. Instead, you can make decisions that will put you in a better position. In the end, you can save your home and move on with your life. And that is what you want, right?