Dont Go into Foreclosure Without a Lawyer to Protect You

If you’re facing a foreclosure you are not alone. Most homeowners found themselves upside down on home loans at the same time they found themselves immersed in a recession that should have been classified as an event as traumatic as the Great Depression itself. It may not make you feel any better to know you are not the only one losing your home to a foreclosure but it can help alleviates some of the stigma when you realize that the loss of your home doesn’t reflect solely on you or your judgment alone.

What this means in the long run is as much as a past foreclosure would destroy your credit score, a current foreclosure in the massive folding of homes, doesn’t carry nearly the weight or stigma that it would have for an isolated foreclosure.You should still consult a foreclosure attorney to protect your rights and your future credit for a variety of solid reasons.

For one thing, since home foreclosures are not something that most banks have experience dealing with the massive melt down did little to enlighten these institutions on how to proceed. Banks seized homes like they were candy and did nothing to work with homeowners who were struggling to keep their homes. The result has been a massive amount of empty homes being neglected by their new bank owners and former home owners being further victimized by the banks or lending institution as they attempt to come after them for the huge ballooned balance on the home that doesn’t even begin to be the realistic value in today’s market.

When you are dealing with an institution common sense, human dignity and respect seem to be the first things that disappear from their vocabulary. So if you want to ensure your rights are protected, you need a foreclosure attorney to oversee what the bank is attempting to do to you in their blind seizure process of taking homes.A good rule of thumb when you are dealing with banks is to get it in writing. If you don’t have it in, it never happened according to the banks own motto.

A foreclosure attorney will get all promises from the bank in writing, force the bank to disclose the original title to the home that proves they have the legal right to foreclose on you in the first place and will work on your behalf to try and stop a foreclosure if that is what you want to do. If you are ready to walk away from the home, your lawyer can help ensure you can do so without the bank bringing a lawsuit to collect on the outstanding balance of the home or push you into bankruptcy in order to escape the debt you cannot repay.Don’t go into foreclosure without a foreclosure attorney at your side, the consequences of trusting the bank today can haunt you for a lot of tomorrows.