Why It Is Important to Have an Attorney When Facing Foreclosure

In America, foreclosures are at an all-time high. This is due to the worsening economic climate which has made life very difficult for home owners and tenants alike. A dreaded pronouncement of foreclosure on your property is not something to look forward to. But you need to be prepared especially when you are finding it hard to keep up with mortgage payments. If you are on the verge of losing your property, it is crucial to get an attorney involved as soon as possible.

In the same vein, if you are paying for accommodation and you have been kicked out without prior notice due to foreclosure, you should also seek legal address. In all states in America, a written legal eviction notice is required. Depending on what state you are in, you might have a month or more to quit the house. Moreover, until you have been served with an eviction notice you cannot be forcefully ejected from your residence or have your water or power supply cut off.

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If you own a home and you are facing foreclosure, an attorney helps you explore all your legal options including working out an agreement with your bank or financial lender. It is important to get a lawyer who knows how to handle foreclosure cases. A major tactic that most lawyers employ is to tell you to declare bankruptcy. A plea of bankruptcy halts all attempts at a foreclosure. Homeowners who declare bankruptcy are protected by the law.

Avoid liaising with scammers who claim they can help solve your woes. They offer to buy your house and come up with a new mortgage plan for you. Do not fall for this because you might just end up paying far more than you would have previously. It is always best to contact an attorney who can help put things in proper perspective for you.

If anyone offers to help you out of your situation, you can consider it. But be very smart about it. Never turn over your documents to any individual or company that you do not know very well. Do not sign anything without reading it first and make sure that your personal lawyer is present to iron out all grey areas. Never work with a recommended lawyer. Get your own lawyer. This is the reason why it is very important to seek a legal address anytime you have foreclosure problems.

Good luck!

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