When you are facing the loss of your home, knowing when to take critical action is necessary. There are many things that a lawyer who specializes in foreclosure cases can do for you so that you will not have to go through the foreclosure process. They can explain to you how you can best protect your rights so that you can keep your home and avoid the consequences. A competent and dedicated lawyer like one from The Law Offices of Neil Crane will be able to guide you through your legal options, helping you keep foreclosure from happening. If you are going through the following situations, you may want to schedule an appointment with a lawyer.
You are behind on your mortgage payments
One of the most common reasons that homeowners face foreclosure is because they are unable to pay their mortgage. Keeping up with payments can be difficult when you have gone through scenarios such as the loss of a job, a sudden medical emergency, and other unexpected situations that can result in financial instability. If you are having trouble making your mortgage payments, seeing a qualified foreclosure lawyer can help you understand your options and decide the best course of action that will enable you to prevent foreclosure from happening.
You are filing for bankruptcy
Many people who have debt issues choose to file for bankruptcy, or consider it as one of their options. Filing for bankruptcy is a major decision that should not be taken lightly. One type of bankruptcy, Chapter 13, allows homeowners to keep their homes and delay or stop the foreclosure process. Meeting with a lawyer can help you find out if you are eligible to file for Chapter 13 bankruptcy and see if it is the most suitable option for you.
You need to modify your mortgage
Making a change to your mortgage may be necessary if your circumstances have changed, such as your income. If you have missed payments or would like to renegotiate better mortgage rates, you can file a request to modify your mortgage so that you can make your payments. A lawyer can help you fulfill the requirements necessary to arrange the modification and have it approved. You will need to complete steps and sign the legal document to ensure that you can move forward with the modification.
You want to consider mediation
Mortgage mediation is when a third-party, or mediator, helps homeowners who are being threatened with foreclosure to find alternative solutions. A legal professional can serve as the mediator between borrowers and lenders. Through mediation, homeowners can understand their legal rights and their full options so that they can successfully resolve their dispute.
When you are possibly facing foreclosure it can be overwhelming, and it can be hard to find the best solution. Have a trusted lawyer who advocates for clients guide you through the process so that you can keep your home and prevent the foreclosure process. Schedule confidential consultation so that you can speak to a lawyer immediately.