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How You Can Stop Foreclosure With A Reliable Foreclosure Lawyer

By Expert Author: Tamie Reese

If you are faced with threats of your house being foreclosed by your lender, you will need to talk to a competent foreclosure lawyer to help you stop foreclosure. It is usual for most people to get overwhelmed when they are contemplating filing a lawsuit against their mortgage lender. The process of filing a case cannot be left in the hands of laymen or less experienced lawyers or on the hands of bankruptcy law firm. A reliable foreclosure attorney will investigate your situation and use the existing laws to protect you against illegal foreclosures that may further cripple your investment plans. Many people have been served with foreclosure notices that have detrimentally affected their lifetime investments.

Many people have lost their homes in foreclosure because they do not make use of foreclosure lawyers to defend their rights. Many lenders in have made mistakes in their paperwork while others have not followed proper foreclosure procedures. These have made many homeowners to lose their valuable homes. However, when a foreclosure lawyer is involved in foreclosure defense, one is rest assured that his/her home will be saved if he/she finds a way to stop foreclosure through an expert in that field.

Statistics show that about 80% of homes that have been foreclosed have been lost majorly because homeowners did not consult services of a foreclosure lawyer. These homes have been lost because there are certain complex legal advice that lenders should follow first before foreclose is done on a property. Other cases have been reported that there were fraudulent foreclosures.

Laws of foreclosure keep on changing and are not always made available to members the public. Furthermore, lenders are not inclined to let borrowers informed about changes in foreclosure laws and this means everybody depends on himself or herself to be highlighted in case on changes. Due to this, it is important for homeowners to consult a foreclosure lawyer to inform them about all current laws governing foreclosures and how to stop repossession.

Initially, homeowners did not have sufficient safeguards against lenders who could foreclose upon their homes without following due process. However, foreclosure laws have since been improved to offer extra protection to homeowners who may have fallen behind their mortgage repayments. Some lenders do not allow distressed homeowners to reschedule their repayment plans as a way of providing relief.

If you had been put into a foreclosure without an opportunity to rethink your payment plans, you need to contact a foreclosure Lawyer before the foreclosure or within 60 days after the foreclosure process. You should not think that all is lost after you are unable to cope with the surging outstanding loan amounts. In many cases, homeowners can still find alternative solutions if they seek the best counsel. A foreclosure lawyer will file a lawsuit to keep your home, be awarded damages for illegal foreclosures or eliminate all threats associated with foreclosing on your home.

With the new laws in place, foreclosure lawyers are armed with all possible strategies that will help to stop foreclosures. They understand that while the economy has revamped, not all homeowners have gotten their finances back on line. By hiring a competent foreclosure lawyer, you will be financially stable and confident of rebuilding the future of your real estate investments.

Tamie Reese is the author of this article on The Ballard Law Group. Find more information, about Services here

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