If you have fallen behind in paying your home loan, a mortgage company will eventually take remedial measures to foreclose on your property. The foreclosure process is a legal course that allows the lender of the mortgage to take possession of the property and remove the owner from the home. Owners can take action in this process in order to keep their homes and challenge the foreclosure process.
An experienced foreclosure attorney would be able to examine your mortgage and decide whether the lender can legally foreclose on the property. An attorney would also assist you in representing you in any court hearings and work with your lender to see if the foreclosure of the home can be avoided.
Understanding the foreclosure process and the legal steps that are involved may help you decide whether an attorney is necessary for help. The foreclosure process takes the following steps:
When somebody buys a house, they will probably have to take out a mortgage – a loan in which the lender gets to take possession of and sell the house if the homeowner defaults on their payments.
Given what’s at stake, it makes no sense to sign one of these agreements without having a lawyer review it, and explain exactly what you’re agreeing to. Of course, a lawyer can’t make the decision for you, but he or she can enable you to make an informed decision.
Seeking legal advice early and often might be the best way to avoid foreclosure in the long run. The fees that a lawyer charges for his or her time may seem steep, but if it helps a homeowner keep his or her home, it will be worth the money.
A real estate attorney can help you in many ways throughout the process. An attorney will not only defend you in the foreclosure proceeding, but will also work with your lender to figure out alternatives which may help you remain in your home.
Last Modified: 07-12-2018 02:14 AM PDTLaw Library Disclaimer
We've helped more than 4 million clients find the right lawyer – for free. Present your case online in minutes. LegalMatch matches you to pre-screened lawyers in your city or county based on the specifics of your case. Within 24 hours experienced local lawyers review it and evaluate if you have a solid case. If so, attorneys respond with an offer to represent you that includes a full attorney profile with details on their fee structure, background, and ratings by other LegalMatch users so you can decide if they're the right lawyer for you.