It seems like almost every night on the news is a story about the real estate market and how it is still struggling. While the rate of foreclosures may have slowed there are still a lot of people who find themselves in this situation. If you find yourself facing foreclosure it will probably be to your benefit to hire a foreclosure attorney Clearwater. Once you have a foreclosure attorney your lender will have to deal with your attorney and you will no longer have that frustration. This may help eliminate some of your stress as you are dealing with other matters. If you are in a foreclosure situation you likely will have other financial issues as well.
Depending on your personal situation your foreclosure attorney Clearwater may be able to stop or stall your foreclosure. Your attorney will be able to speak to your lender and their attorney in legal terms you may not be familiar. Because your attorney is familiar with foreclosure laws both at the federal and state level they will be better to able to advise you in making a decision.
If you have received a Notice of Default you need to act quickly in finding a foreclosure attorney Clearwater as you have a limited amount of time to respond. If you fail to respond in the allotted time frame you are at risk of giving your lender the upper hand and getting a decision in their favor.
Your attorney may be able to negotiate a loan modification that would lower your payments to better fit into your budget. There are federal programs available that may help with the loan modification. Or if that is not possible may be able to arrange a short sale. In regards to the short sale you lender will have to be on board as you are selling your home for less than the balance on your mortgage. If you have exhausted all other options you may want to consider bankruptcy. Most people see this as a bad thing. But in the long run it may end up being the best decision for your situation.
This is a difficult time for you and your family. By having an attorney to walk you through the mine field of bankruptcy will prevent you being blindsided. Your attorney is there to help you make the overall best decision for your family’s situation.
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