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2021

How a Free consultation Can Help You Preserve Your Property

Foreclosure defense is quite a new concept that continues to grow along with the rising tide of foreclosure litigation. While many courts accept foreclosure defense claims, others clearly see them as frivolous and yet hand out decisions more beneficial to the bank than to homeowners. Thus, those who are on the brink of losing their homes should definitely learn more about the process and what the foreclosure defense lawyer has to fight for. Here are several common mistakes homeowners often commit when filing for foreclosure defense:

There are two main issues you must tackle if you are attempting to prevent your foreclosure from going through, keeping your home and making payments. First, there is the issue of keeping your home. If you can retain the services of an attorney who focuses on foreclosure defense, you stand a good chance of prevailing in court. The second, and perhaps most important facet of this battle, are making payments. Failure to make payments on your mortgage can result in losing your home and your credit rating (a far more severe outcome than having your house go up on the auction block).

While filing for bankruptcy may seem like the easiest way out of your debt obligations, it is not the most beneficial one in terms of your overall interest. Filing for bankruptcy will leave you with few options, and none that are favorable for your foreclosure defense. Applying for a loan modification, which involves accepting lower monthly payments than you currently owe, is a better alternative, especially since this type of program is rarely approved. This is why it is essential for you to learn more about your options before you choose to file for bankruptcy. To do so, contact a reputable bankruptcy attorney who can offer you a free consultation; explain your situation thoroughly; and ask about various options he or she can recommend. A foreclosure attorney who is committed to helping you successfully preserve your property, instead of caving in to creditor pressure, is exactly what you need to ensure that you obtain the best possible outcome from your bankruptcy case.

by gennadylitvin on 2021-01-21 08:42:54