Stop Foreclosure With an Attorney

If your lender has instituted a foreclosure proceeding against you, it is recommended that you consult with a real estate foreclosure defense attorney to find out what legal options you have available to stop the foreclosure process.

Why Hire an Attorney?

• An attorney is the only person who can legally defend you.
• Foreclosure laws vary in each state. The attorney can explain to you how the laws in your state affect you and what defenses you have available to stop the foreclosure process.
• An experienced foreclosure defense attorney will have developed relationships with the legal representatives of your lender. This will help speed up the negotiations and give you a much more favorable result than if you try and negotiate with your lender by yourself.

Lender Violations and Predatory Practices

A reputable attorney will also explain what services he or she will perform, and the fees involved. A real estate foreclosure defense attorney will most likely perform a forensic loan audit to determine if your lender committed any predatory loan practices or whether there were any RESPA, TILA or HOEPA violations.

Your lender must adhere to strict lending guidelines. If your attorney discovers any violations

committed by your lender against you, the information can be used as a negotiating tool with your lender. Lenders face still fines and penalties for violations so they would rather work out a friendly solution with you than face any fines should you decide to report them. Also, you may be in a position to rescind your loan entirely if unscrupulous or fraudulent practices were committed against you by your lender.

American Residential Law Group will be able to advise you the best way to handle the negotiations with your lender to get the most favorable outcome for your financial situation.

Fees

The best way to stop foreclosure is to stop foreclosure with an attorney who can help you with your legal defenses. Everyone’s financial situation is different. We will help you decide which is the best approach for you to take to save your home from foreclosure. Options that are available to you may include a mortgage modification, refinance, short pay, short sale, selling your home, deed in lieu of foreclosure, forbearance, reinstatement or bankruptcy, as a last resort.  Foreclosure defense issues are complex, call to discuss today.

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