All your stuff is packed and the boxes are neatly arranged. Once the movers come, you will have to tell them to be extra careful with the ones that say “fragile”. Oh, they will be here any minute. It’s time to say goodbye to your home. Tears start rolling down your cheeks.
Does it really have to be this way? It’s not like it is your choice. You are being evicted. The lender was strongly against loan modification. As if he doesn’t know how difficult it is to manage finances today. And losing your home is really not the way this should be handled. You love Long Island and your house.
But, there seems to be nothing you can do about it. The decision has been made and your job is to follow it. You don’t have a magic stick to solve the issue. Oh, what you would give to get just one wish. At this point, you are pretty sure that there is nothing else in the entire world that you want more than getting a loan modification and keeping your home.
Is It Possible?
Wait! Are you absolutely sure that you have done everything in your power to achieve this? If you want to hear about your options, then click here and check whether you have tried them all. You don’t want to give this up without a fight. The only issue is – you cannot fight it alone. But, there is someone who can help you.
Foreclosure is a serious issue. If you are facing it, then you need to reach out to a professional who can save you from losing your property. Unlike what you might believe, this is very much possible and if you have an expert on your side, it’s more likely to happen. If you go about it alone, on the other hand, then I must be honest. Your chances are very slim.
The need to get a lawyer in this scenario is not surprising at all. They know all the options you have and they are familiar with the measures that need to be undertaken in order to stop foreclosure. A non-expert, though, knows nothing about it, except about the possibility to ask the lender for a modification of the loan.
But, when that doesn’t work, you shouldn’t get discouraged. As it appears, there just might be someone who is able to grant you that wish you mentioned above. So, before you even start packing your stuff and marking the boxes, make sure that you have done everything in your power to fight the decision. And doing everything in your power includes hiring a foreclosure lawyer. In fact, that should be your first step in the process.
Here are some more info about loan modifications: https://www.nerdwallet.com/blog/mortgages/all-you-need-to-know-about-mortgage-loan-modifications/
Why Should I Hire A Lawyer?
It’s not uncommon for people to not be sure whether they really need a legal representative or not. When it comes to situations like these and you are on the verge of losing your home, then you really shouldn’t resist the option of hiring a lawyer too much. In any case, it is better to resolve this issue in its early stages.
In essence, a loan modification is a restructuring of your mortgage which makes it more affordable. This is done by your lender and it consists of changing certain terms in the contract. In order to get this, you need to submit an application and enclose some documents with it. The application process can be confusing at times, which is why you should consider having a legal representative assist you.
Speaking of confusing, let me be completely frank. The application process is the least confusing thing in the process and it can still cause you some troubles. It can even cost you your home if not done properly. Not to mention how complicated it gets if your application is rejected. So, there are legitimate and justified reasons for getting a lawyer from the start.
You Might Not Know Anything, But Lawyers Know It All
I am not saying that attorneys are magicians and that they can take care of impossible situations with a swish of their hand. However, when you are threatened by foreclosure, it is possible that you don’t exactly know what to do. More often than not, you are simply shocked and puzzled, even unable to think of likely solutions.
That is why your first step should always be aimed at getting legal help. Foreclosure lawyers will definitely know what to do. Even though they are not magicians, they are surely familiar with some options that haven’t even crossed your mind. Such as – how to pursue a modification and whether to fight this in court… Related content.
The Application Process Is As Easy As It Gets
I mentioned above that applying for a modification can be a bit of a struggle. That is, of course, if you are doing it alone. When you have a foreclosure lawyer on your side, it gets pretty easy. In fact, they are the ones who will do this for you and do it right.
The Games Of Court
You couldn’t possibly think you are able to fight your case at court on your own. You couldn’t even tell whether this was worth a fight. A foreclosure lawyer knows when you should fight, and knows his way around the court. By hiring one, your chances of winning significantly increase.