A foreclosure attorney can assist you during the entire process of foreclosure. This includes all stages from the time that you are served with legal foreclosure notification until the process in complete with some type of suitable outcome. A strategy or action
plan will be developed and executed by your foreclosure attorney to delay this process and find an alternative solution. There are many ways in which a foreclosure attorney will work for you.
Exact Detail of What a Foreclosure attorney Does:
- Consultation that is free and gives a clear detail of options
- Thorough reading and understanding of all your legal documents associated with the purchase and foreclosure of your home.
- Develop a Strategy of defense for your home that could include delay tactics
- Examine all terms of your purchase agreement looking for loopholes or alternatives
- Explore options associated with re-payment plans and refinance options, if possible
- Contest all steps associated with the foreclosure process
- Request that the original promissory note is presented for review
The Purpose of A Foreclosure attorney:
These tasks will be completed to defend your home from closure and increase the likelihood that your foreclosure case results in the best outcome possible. There are many strategies that can be pursued like negotiating modification terms, short sale options or delay tactics that can be used to give you more time to obtain funds needed to end the foreclosure process. During the foreclosure process many deadlines must be met accordingly. Therefore, a foreclosure attorney can ensure that all necessary documentation is filed in the appropriate manner. Banks have to follow strict and detailed guidelines to properly foreclose on your home and this process takes lots of time to complete. Therefore, a foreclosure attorney can ensure that your bank is forced to complete very necessary step and drag the e process out longer. This delay will allow you more time in your home and give you more time to come up with alternative housing options, if necessary.
After you are summoned with an official documentation of the legal action being taken against you, you only have a short period of time to seek legal counsel. Most foreclosure summons documents stipulate that you only have thirty days to respond. Therefore, it is essential that you seek the services of a foreclosure attorney immediately to ensure that all documentation is filed in time. This process is difficult and can’t be completed on your own without proper legal knowledge and guidance. A foreclosure attorney can begin defending your case immediately and develop a strategy that is in your best interest. Each foreclosure case is unique and the course of action is different for every foreclosure filing.
It is Possible to Win A Foreclosure Case?
A foreclosure attorney can determine early on if you can win your case and save your home. It is possible to win the fight against foreclosure if the bank has not taken the proper steps to obtain foreclosure of your home. In some cases, banks can’t provide the adequate documentation necessary to prove that your mortgage was valid. This lack of documentation or proof often results in banks not being able to mandate foreclosure of your home. Therefore, even if you feel like your foreclosure case is hopeless, you should still seek the services of a foreclosure attorney. A foreclosure attorney will ensure that you bank is required to provide all documentation to prove that foreclosure is a viable option. Failure to provide any of those documents will result in the inability of your bank to pursue foreclosure. This situation is extremely common and many banks are then forced to accept alternative forms of payment. A foreclosure attorney will then negotiate the best possible solution for your individual case.
Should I Seek The Services Of A Foreclosure attorney?
Once your bank has sought out an attorney to represent them in a foreclosure case against you, it is in your best interest to seek your own foreclosure attorney. Your foreclosure attorney can explain to you all important information about the foreclosure process that you must know. You will be informed that you no longer have to make the previously agreed upon mortgage payments, while your home is in the process of foreclosure. Your foreclosure attorney will be able to negotiate better terms or enter default options. Whichever option is best for your unique situation; this is the course of action that your foreclosure attorney will take. A foreclosure attorney will make you more prepared for all situations and assure that the process is completed in a legal manner. Don’t just automatically assume that you have no alternative options before you seek the guidance of a foreclosure attorney. A foreclosure attorney can assist you during all stages of the foreclosure process.