Get a Foreclosure Defense Attorney to Keep You Out of Jail

Rarely is a foreclosure case set in stone. You have the best chance of winning if you hire an experienced foreclosure defence lawyer as soon as possible. You don't want to fight in court for your home without knowing all of your options. Here are a few things a foreclosure lawyer can do for you that will help you a lot.

Foreclosure Defense Attorney Provide You with Options

A foreclosure defense attorney knows the legal landscape better than you. Their experience and judgment will save you time, help you avoid pitfalls, and maximize your chances of saving your home. Depending on your situation, your best course of action may be to avoid foreclosure via loss mitigation, modify your loan, file for Chapter 13 bankruptcy, or have your foreclosure attorney represent you in court outright. An experienced foreclosure attorney in Los Angeles can help you understand the pros and cons of each option.

 

Foreclosure Defense Attorney Represent You at Settlement Conferences

If you live in a state that requires settlement conferences, your lawyer can go instead of you and talk to the lawyer for the bank to save your home. The conference gives both sides a chance to find a way to solve the problem that doesn't involve foreclosure. If you didn't have a lawyer, you'd have to deal with the bank's lawyer on your own time and with little information.

Foreclosure Defense Lawyer Help You Get a Loan Modification

With a loan modification, the terms of your loan are changed so that you can pay it back. Even though changing a loan is free, most homeowners need the help of an attorney to get the bank to agree to the change. Before making a decision, the bank needs to look at a few key pieces of information about your income. An experienced lawyer can give you this information and present it in the best way to help you get a new loan you can pay back.

Foreclosure Defense Attorney Can Help You Pursue Loss Mitigation

Some loans have options for reducing the risk of loss that can help you keep up with your payments. Some lenders may not give you this option, and if you didn't have a lawyer, you probably wouldn't know that you could go this route. A lawyer will not only tell you if loss mitigation is an option for you, but also help you decide which of the many ways you can go about it to use it.

Foreclosure Defense Attorney will Raise Defenses in Court

If the bank made mistakes when it took your house away, an attorney can find out what they were and hit back. For example, the lender may not have followed the terms of your loan agreement or may have broken state laws about foreclosure. Also, the party doing the foreclosure may not be the rightful owner of the mortgage debt. You could be a victim of unfair lending practises or an illegal mortgage assignment and not even know it. An experienced lawyer can use a lot of different strategies and plans to delay foreclosure. And if the court agrees with what your lawyer says, you may be able to settle or even have your lawsuit thrown out of court.

Foreclosure Defense Attorney will Help You File for Chapter 13 Bankruptcy

If nothing else works, you can get help filing for Chapter 13 bankruptcy from a lawyer. If your request is accepted, you will have three to five years to catch up on your payments and keep your home.

Your home is important not only because of how much it is worth, but also because of the memories it holds. You don't need to fight for it by yourself. The committed foreclosure defence lawyers at Oaktree Law can help you get through the process of foreclosure and figure out the best way to save your home.