Many states have legal aid programs that provide legal help free of charge.
Whether your home foreclosure is due to the burst of the real estate bubble, rising interest rate or a loss of income, losing your home is not easy. Hiring a real estate attorney can make the foreclosure process as smooth and painless as possible. Many states have legal aid programs through which you can get an attorney’s help free of charge.
If you’re like most people, you read through your notice of home foreclosure with a mixture of dread and confusion. The legal terminology used in real estate proceedings is often complex and full of confusing phrases and statements. Chances are, you read over your mortgage contract with a real estate agent present to help explain the ins and outs of your contractual obligation. It is equally, if not more important, to hire an attorney to help explain the legal jargon inherent in home foreclosures.
While an attorney may not be able to stop the home foreclosure, he or she can help ensure that your other assets are protected. This is important for those who own other property, including land, additional homes and even personal vehicles. Without an attorney, you may find yourself losing more than the house.
It is no secret that the foreclosure process is stressful. The average homeowner is unequipped for the paperwork and court dates involved with foreclosure. A good real estate attorney is able to both handle your case with detached professionalism and provide much needed understanding and guidance. Having someone knowledgeable in your corner can make the home foreclosure process easier.
Home foreclosures are often long and drawn-out processes for both the homeowner and the bank. A knowledgeable real estate attorney will help you determine what is and is not worth fighting for. He will know when you should stand your ground and when you should simply let matters proceed. Once your home is foreclosed upon, you can only save it in states with a right of redemption law. Even in those cases, it probably is not feasible to pay the delinquent payments, fees and fines.
Many real estate attorneys will not charge you for their time or services unless you win in court, and others will work out a payment plan to ensure that you don’t have to pay it all upfront. Attorneys understand that you are probably don’t have extra cash during a foreclosure, and they are often willing to make payment arrangements that can help. Their services can also save you significant amounts of money when it comes to court costs and legal fees since they know how to negotiate and can act as the middle man with both the courts and the banks.
There are many reasons to hire an attorney with experience in home foreclosures. An attorney makes the process easier and may even be able to prevent you from losing your home or other assets. He or she may be able to help you avoid foreclosure by selling your home. If you want to research your home value or talk to real estate agent about a pre-foreclosure sale or a short sale, go to RealtyNow for professionals in your area.