Facing a foreclosure situation can be tough, but once you understand what it is that you have to do and act fast, the issue can definitely be resolved. If you feel like a foreclosure is coming your way, the first thing that you will need to do is to hire an attorney. It can get exhausting, but yes, preventing foreclosure with attorneys is possible. With so many lawyers out there, however, how do you know what it takes to choose the right one?
Well, hopefully, this article could be of help to you. In this piece, we will present you with the different kinds of lawyers you could hire given the specific issues that you are facing with the foreclosure. Worry not, this period may be difficult, but this, too, shall pass.
Foreclosure Defense Lawyers
Firstly, we have the foreclosure defense attorneys. Of course, they are the initial choice when facing a foreclosure problem. If you are facing a foreclosure issue and act upon it early, then this is the attorney you should call out to. A foreclosure attorney should be able to help you as he or should possess the knowledge about what kind of defenses exist in the foreclosure department, know your state’s laws, and can carry out a court case if and when necessary.
Foreclosure attorneys are well-trained to fight cases involving lenders and borrowers – they act as the middle man and usually convey messages sent from one party to the other and vice-versa. Because of their excellent communication skills, they can usually bring about settlements that are reasonable when facing a serious foreclosure issue – lenders usually modify the terms of loan, arrange a deed in case the house is to be foreclosed, or prepare for a short sale. While the process of a foreclosure may be lengthy, foreclosure attorneys see to it that you are not faced with any trouble as the case is being carried out.
Real Estate Attorneys
Then, we have real-estate attorneys – they are known to deal with the sale of commercial and residential properties. Having said this, real-estate attorneys could prove especially helpful if you are looking to sell the house – they can arrange for a deed or prepare for a short sale of the house. If you know that this will be your course of action, then hiring a real-estate attorney to help with your plan may be the best thing to do as it will save you money, and of course, time.
Lastly, there are bankruptcy attorneys. If you do not think you can pay off ALL of your loans, including your home equity loan, then you will need to file for bankruptcy. In this case, hiring a bankruptcy attorney would be the best thing to do. Filing for bankruptcy exceeds foreclosure and extends to many other areas. For this reason, a bankruptcy attorney could help with the foreclosure as they can help you in attaining an automatic stay. An automatic stay is a ban that is placed on all your lenders so that they may not go after you or your assets. And while this may be a good solution, it is only temporary. If you are filing for bankruptcy, you will eventually have to bear its consequences.
Preventing foreclosure with attorneys is definitely possible – you just have to act quickly and know what it is that you are looking to do. Ideally, a foreclosure attorney is the attorney of choice, but if you feel otherwise, then go ahead and make your choice. Always trust that they will defend your case in the strongest way they can.
Prevent foreclosure with attorneys and save your home. Find out what kind of lawyer you need to hire. Let our team of experts at www.foreclosureattorney.co guide you.