Purchasing a home is perhaps the largest and most important investment you will ever make, including those for college education and other similar purposes. Therefore, the prospect of losing the home you worked so hard to obtain, is often quite devastating. It does not have to be.
There are ways to saved your home from foreclosure. The best advice? Hire a professional. Just as you would not trust the gardener to perform surgery, similarly, you should not expect to navigate the waters of foreclosure on your own or with someone unfamiliar with the process. We specialize in Foreclosure Defense Services to help families keep their homes.
Do you remember the complications of the process in purchasing your home? Then, imagine the complications of the foreclosure process, which is 10 times more complex. For this reason, it is inadvisable go through this process on your own or without the advise of an expert.
Here are some steps to consider as you prepare to meet with an expert:
1) Gather all relevant documentation. It is important to have kept meticulous records of all dealings with your bank and anything other parties pertaining to the ownership of your home.
2) Have a discussion among the decisions makers, loan holders, as to the desired course of action. This decision does not have to be set in stone as you may not be aware of all options open to you. However, it is important to be unified in your approach as a family or couple.
3) Do not speak directly to the bank once you have decided to retain counsel. You might unknowingly say or do something that is detrimental to your case. This includes information you may think your lender already knows and is therefore, harmless. Let your lender know that your attorney will be representing you as you move forward.
4) Make sure your representatives are experts in the field of foreclosure. As you know, the law is highly specialized, particularly when it comes to financial matters. Your average family attorney, unless it is also his specialty, will not be the best representative in foreclosure matters.
These are just a few basic suggestions to help you prepare for the best outcome in matters of property foreclosure. For more information please contact us.
