Your home is most likely your most important and largest asset. You worked hard to get into your home and hoped it would provide you many years of security and comfort. Like many, you expected your home’s equity to provide you with financial support for the future.
There are many reasons why you may be having financial difficulty and now receiving foreclosure notices from your lender. There are as many reasons to consult an attorney for assistance.
Due Process: There are many steps to the foreclosure process. When you receive letters from your lender demanding payment, they will notify you about their right to foreclose and provide warnings. You have rights at each level of the foreclosure process. An attorney can help you protect those rights.
Credit: Financial difficulties can impact our credit in a negative way. Making the right decisions during the foreclosure process can significantly impact your creditworthiness. An attorney can help guide you in the decision-making process.
Tax Implications: The decisions you make and the settlement options you may be offered through the foreclosure process can have significant tax implications. An offer may sound good but cost you severely tax wise. An attorney can identify your tax concerns and help you choose the right option for you.
Housing: Foreclosure proceeding don’t always mean you must leave your home. There are timelines in the process. Don’t look over your shoulder waiting for eviction. Consult an attorney early in the process to keep you in your home as long as possible.
Don’t delay consulting an attorney when you begin receiving foreclosure notices. An experienced attorney can help you defend a foreclosure, protect your assets, and help guide you to make the right decisions about your financial future. Don’t hesitate to contact us to help you make the right foreclosure defense decisions for your situation.
