A foreclosure attorney can figure out how to keep your home or, if that is not an option, how to make money off its sale.
A lawyer will defend you against foreclosure, negotiating with your creditors and helping you find alternatives, such as a short sale, so that you receive the most money back.
Why hire a Foreclosure attorney
Homeowners threatened with losing their home through a bank foreclosure may benefit from the services of a real estate foreclosure attorney. When you buy a home, you usually get a bank loan and agree to repay it with monthly payments. If you fail to make the payments, the bank can start a foreclosure action, which enables them to sell your home to pay off the loan. Foreclosure laws are very detailed and strict about the process the bank must follow. A foreclosure attorney can explain your options to avoid a foreclosure sale, and help you to decide the best course of action for your situation.
In 2012, there were over two million foreclosure filings. Using a bankruptcy attorney to file for Chapter 13 bankruptcy has the potential to stop a mortgage foreclosure in its tracks.