4 Circumstances When You Need To Hire A Foreclosure Attorney

If you are a homeowner and facing foreclosure, you will be faced with several tough decisions. First, you will have to decide if it is worth your time and money to fight the foreclosure, and then you will need to decide if you can handle it or need a foreclosure attorney. Here are four situations where it would be a wise idea to hire an attorney to assist in your foreclosure.

You Are Currently in the Military

Facing a foreclosure can be a daunting prospect, but it becomes even worse when you are in active duty when you receive the news. Luckily, there may be a way out. Those that are actively serving in the military have special protections against foreclosure through the Service members Civil Release Act, or SCRA.

Of course, it is most likely not feasible for you to study the SCRA while on active duty. Due to both its length and complexity, it is in your best interest to hire a lawyer to ensure that you are getting the full benefits of the SCRA. A qualified attorney will be able to inform you of all of your options under the SCRA without the need for you to research legal code during active duty.

You Want to Modify Your Loan

When faced with a foreclosure, many homeowners will attempt to modify their original loan to something that they can more easily afford. Lenders are typically willing to do this, but you will still want legal representation to ensure that you are getting the best deal possible.

The reason that you will need a foreclosure attorney for this process is that loan modification can take many forms. For some homeowners, it means lowering your interest rate and for others it can mean extending your amortization term. To determine what will help you avoid a foreclosure and get the best deal possible, you will need a foreclosure attorney.

Your Loan Servicer Made an Error With Your Account

At the end of the day, people that work for lenders are just as human as everyone else. This means that they make mistakes, but those mistakes should not force you into dealing with an unfair foreclosure. If your loan servicer has made a mistake by not correctly applying your payments or by charging unfair fees, then you definitely need to hire an attorney.

It can be tempting to face this alone, especially if you are sure that they made an error, but an attorney is a necessary defense at this point. Your lender is sure to have their own attorney for this situation, and you will need your own to prove that your lender made a mistake and that they cannot foreclose upon your home.

Your Loan Servicer Did Not Follow Foreclosure Proceedings

There are very strict rules and regulations for what a lender must do during foreclosure proceedings, and failure to do them can often get you out of a foreclosure. Think of it like a police officer reading a suspect their Miranda Rights. If they skip this step, it can be a huge loophole for them to escape through.

Of course, your lawyer will best be able to determine if your servicer has made a mistake. They will check the proceedings and, if your servicer did do something wrong, it can mean a golden ticket.

Conclusion

When in doubt, you are better off to hire a foreclosure attorney. Foreclosure is a serious issue and should not be left up to chance. If you are in any of these situations, then find a reliable foreclosure attorney to handle your case.

Article Source:-https://www.radowlawgroup.com/