If you are wondering, what does a foreclosure defense attorney do exactly, then we have got your back covered in this article. It is too rare to find the foreclosure case or we can say that it is rarely set in stone. If you hire the experienced foreclosure defense lawyer sooner in the case then it increases the chances of your success. The last thing that you want without knowing all your options is to fight for your house in court.
What A Foreclosure Attorney is Capable of
Here are some of the most important things that a foreclosure lawyer can do for you and suggest to you. And they are:
Provide you with options
It is true that a foreclosure defense attorney has the experience and knows more than you about the legal landscape. And his experience and knowledge can save your time and helps you to avoid pitfalls, and it will increase the chances of saving your home. He will provide you many options for escaping foreclosure. And depending on your scenario, your best action is also to avoid foreclosure via loss mitigation, and modify your loan file for chapter thirteen bankruptcies or have your foreclosure attorney to show you in the court outright. So, you have to hire an experienced foreclosure lawyer for you. And the experienced foreclosure lawyer who is from Los Angeles can help you to understand the pros and cons of every option.
Help you get a loan modification
A loan modification helps you to modify the rules of the loans so that you can pay the payments. Even modifying the loan is free, you can convince the bank if you are a homeowner to approve a new loan for you without hiring an attorney. And if the bank agrees with you then they have to check many key pieces of information before give any decision about your case. And if you hire a lawyer and take help from him they will help you to prove the light information and also manage the things so you can get the loan on easy terms and also you able to afford the payments.
Help you pursue loss mitigation
Many of the loans allow you to stay on your current loan payments by carrying loss mitigation. But many lenders take this option back from you and without a lawyer, you don’t have any idea that how you can follow this route. But with help of an attorney, you will not know about loss mitigation is available for you, but he will also help you to provide and choose any different ways so you can approach it.
Raise Defense in court
In any case, if the bank makes any mistake in foreclosing your home then your lawyer identifies it and fries back. For example, that the lender doesn’t follow the rules of the loan and he breached your loan contract, or he is not the right person, or he violated the state law of foreclosing or the foreclosing party may not be the rightful owner of the mortgage debt. Maybe you will be a victim of an unknown trap of unfair loan and lending practices that will cost by leaving your home. You lawyer has many of the tricks to save you from any type of fraud, he makes an argument in front of the judge about your mortgage loan, and if the judge agrees with him then maybe it is possible that you get the time to save your home or maybe your case is dismissed fully and you have no need to fight for it. And all this is done, only when your lawyer has experience and knowledge about the foreclosures case.
Help you file for chapter 13 bankruptcy
In any condition, your all tricks fail to save your home and the loan amount, and then the lawyer will help you to file for chapter 13 bankruptcies. If it is approved then you will get 3 to 5 years to save your home and to pay the loan amount.
Your home’s value is not financially but your home has lost of memories of spending the beautiful moments with your family. And every memory is priceless and precious. For saving those beautiful memories that are kept in your house, you have to fight with it alone. The attorney who is at Oaktree Law will help you to suggest any other idea and helps you to save your home, so you stay in your home with your family peacefully.