If you are having trouble making mortgage payments, the threat of foreclosure is probably weighing heavily on your mind–and unfortunately, this is an issue that will only escalate if you do nothing. You are probably worrying about losing your home, finding another, and cringing at the thought of what will happen to your credit.
Don’t Try to Handle Foreclosure Defense on Your Own
While you can do your best to speak with the lender and explore other options such as a refinance, loan modification, or even a deed in lieu of foreclosure, it’s likely that you will be feeling overwhelmed quickly. The foreclosure process could be longer than you would expect (many months), but it is important to act as soon as possible if you are hoping to save your home. If you are receiving threatening notices from a mortgage lender, it’s time to consult with a law firm experienced in foreclosure defense like Levitt & Slafkes, P.C..
The Lender is Worried About the Bottom Line
Once you receive a notice of foreclosure from your lender, it’s tough to handle a defense on your own. The lender has one job: to make money. They are not worried about your well-being or that of your family-they are only concerned about getting you to pay up or they are taking the house and selling it in foreclosure. Your lender, however, is most likely not in the business of owning real estate either, and they are much more inclined to make a deal with you if they think you will be able to keep up future payments and continue to work as an asset for them. If they don’t see that as a possibility though, they know they have foreclosure as a backup. It’s possible that you will be able to keep your home, but you will need help from an experienced attorney who understands the law and can negotiate for you.
You Need Someone Experienced on Your Side
With a strong legal defense, you can create a plan for keeping your home.
Others may suggest that there is no reason for an attorney, but you will probably quickly change your mind once you realize all the complexities involved-beginning with trying to answer a foreclosure complaint on your own. An attorney will be able to sit down with you and do a thorough review of your case, also checking to see if your lender has made any errors (this is extremely common), which will weaken their case against you. A foreclosure defense attorney will also be able to answer all your questions, and explain your options. They will be able to take over all contact and negotiations with the lender too.
The mortgage holder may be the first to suggest that you do not need an attorney, along with companies that present themselves as loan modification assistance companies. They may instruct you not to speak to your lender or an attorney, as they try to scam you out of thousands, offering nothing in return but problems.
Contact Us for Help Now
If you want to keep your home, it’s imperative that you have someone working for you. An experienced foreclosure attorney will understand the complexity of the law and protect you-as well as fighting your lender in court to save your home. Contact Levitt & Slafkes, P.C. now so our foreclosure defense attorneys can review your case and help you move forward in a way that suits your needs best. We are here to help!