If you have been struggling financially and you have fallen behind on your mortgage payments to the point that the bank is threatening foreclosure, you are going to want to hire a foreclosure attorney from Liviakis Law Firm. The last thing you want to do is to give up on your home and lose everything that you have worked so hard for. Check out the following ways a foreclosure attorney can help you and potentially save your home for you.
Double Checks The Figures
Your mortgage company has probably sent you a ton of letters stating what you owe them. It is very important to make sure that the bank has not miscalculated the amount that you owe or that they have lost a payment. Your foreclosure attorney will also make sure that you are not being charged more for late fees, accrued interest, and foreclosure fees and costs than they are legally allowed to. It is important for the attorney to make sure that you have the most accurate figures so that you only have to work on paying what you legally owe.
Seeks Other Options
Do not make the mistake of thinking that just because you do not have the money to bring your mortgage account completely current that you have to forfeit your home. Your foreclosure attorney might be able to talk to the mortgage company to see if you can qualify for a repayment plan, loan modification, or refinance. Worse case scenario: your foreclosure attorney might suggest that you file for bankruptcy.
Talks To The Mortgage Company On Your Behalf
Many people that are past due with the mortgage company find that talking with them can be a little stressful. After all, being in such a tough financial spot can be extremely difficult to deal with. Therefore, you can have your foreclosure attorney speak to them on your behalf. This way you can sit back and relax while your account is being worked on.
Another thing to remember is that some mortgage companies will be more willing to talk about a deal with the foreclosure attorney than the borrower. This is because they know that the borrower is serious about catching up the mortgage payments, otherwise he or she would not have taken the steps needed to hire a foreclosure attorney. Plus, the mortgages companies know that the attorney's fully understand the foreclosure laws and how the apply to your personal situation, such as unemployment.
Answers All Of Your Questions
When you are struggling so hard to catch up your mortgage payments and are trying to understand the legal situation that you may find yourself in, you might have a lot of questions. By having a foreclosure attorney on retainer, you will have someone that you can turn to with all of the questions that you come up with during this stressful time.
As you can see, there are many benefits that come from hiring a foreclosure attorney. Therefore, since you do not have all of the time in the world to get your mortgage account straightened out, you want to find a quality attorney as soon as possible. The sooner you retain a foreclosure attorney, the sooner you will be able to have everything worked out.