Foreclosure Lawyer
Are there specific lawyers that deal with pre-foreclosure problems?
After some quick research I found that there are lawyers that have specialized in this and the seem also to be heavily involved with reducing interest rates on debt. many real estate companies also seem to have something called pre-foreclosure specialist not lawyers but I think Sales agents who have upgraded and specialized int this law as consultants.
International Level: Senior Politician / Political Participation: 188 18.8%
There are companies out there that act as brokers to resolve foreclosure issues. They will work with the homeowner to either find a lender willing to refinance their mortgage (at a premium rate) to halt the foreclosure or they will find a buyer willing to buy the existing mortgage. Some of them will also find a buyer for the home if that is the direction the homeowner wants to go. If you do a search for "stop foreclosure" or "foreclosure help". you should find many options. You do need to be careful because, as in any business, some will charge exorbitant fees up front and not do much for you. You really need to check them out. They all charge fees, but some are more reasonable than others. And if a homeowner is facing losing their home, sometimes the fee is the lesser of evils.
International Level: Activist / Political Participation: 32 3.2%
Many banks have lawyers who do a lot of different things for them. Pre-foreclosure is one of the issues that some people have especially nowadays with everything going on. I believe most banks, lawyers and others will work with people so they can keep their homes and the banks get the money owed to them through the mortgage.
It would be their financial expert that you would work with you not a lawyer or am I mistaken? I agree they stand to loose a great amount if people bail on mortgages as the house value is too low.
International Level: Senior Politician / Political Participation: 188 18.8%
Name: JohnBig
Comments: I believe that there are so many people that need this type of help and more that the common person can not find the right person or department to help.
The Importance of Foreclosure Attorneys in Today's Volatile Mortgage Environment
Real Estate News From CoStar Group
When you think of do-it-yourself projects, saving your home from foreclosure shouldn't make the list. Yet today, homeowners facing foreclosure increasingly attempt to defend themselves. Even more people simply give up their homes without ever coming to court. With little or no understanding of the law, those that do try to defend themselves in hopes of saving their homes must navigate unfamiliar legal lingo, forms and processes before mounting their defense against a multi-billion-dollar bank. Source: Real-Estate:Foreclosures Articles from EzineArticles.com
If you have a goof foreclosure lawyer you might be able to save yourself a lot of headache with losing your home for good. They can sift through the whole process you had from finding your home, buying your home through a mortgage and why you've reached to the point of defaulting on payments.
International Level: Senior Politician / Political Participation: 173 17.3%