If you are struggling with your mortgage payments and you are wondering if you should contact an attorney to help you, here are some instances where an attorney may be helpful.
With new legislation and laws recently passed by the Federal Trade Commission, it is now prohibited for third party loan modification companies to charge upfront fees. In knowing this, it may be in your best interest to at least talk to an attorney. After all the lenders have attorney’s to fight for them shouldn’t you?
- You have received a Summons and Complaint for foreclosure and are now being sued by your mortgage company. You are in danger of losing your property and usually have 30 days or less to respond.
- A collection lawyer sends you a letter that gives you a deadline to catch up on delinquent mortgage payments and also threatens foreclosure. The next step is for the bank to sue you.
- Your mortgage company sends out a notification that your payments are in default. The next notification you receive should be a letter from the mortgage company’s lawyer.
- If you are knowingly behind on your mortgage payments, go ahead and contact a mortgage defense attorney to plan a strategy and confront the problem head-on.
If any of these hit home and you are in a similar if not in the exact same issue, then you should contact an attorney to discuss your options. An attorney will not only give you legal advice, but also will help support you as you both work through the loan modification process or foreclosure.
Make sure when you are choosing your foreclosure attorney that he/she has experience dealing with lenders and understand the terms of going through a loan modification. There are many strategies the lawyer may try in order for you to stay in your home. Be proactive and available to give any documentation necessary to assist the lawyer in doing their job.
Having someone to help you can make the difference of you keeping your home or simply walking away. Don’t you think you owe it to yourself to do the right thing and keep your home, an asset you have worked very hard for?