Foreclosure Attorney Typical Services Provided

The services of a foreclosure attorney should be clear to the client before any commitment is done. To do this, the nature of the lawyer's work should be explained in order for it to be understood. It starts with a prospective client who may have real, immovable property that is on the verge of being seized. The circumstances that lead to this may differ but the ending is the same, the seizure of the said property. The different occurrences that lead to this may be bankruptcy, failure to make payments or the default in payment of a promissory note or contract. When this happens, the lender is sure to collect on the payment or the collateral of the promissory note.

Consultation

The consultation between the client and the foreclosure attorney is a sort of assessment for both parties. On the side of the client, he or she will check to see if the rapport between them is right and if there is a measure of trust for the legal professional. As for the lawyer, he will assess the case of the client and see if there is a legitimate cause for a stay of the seizure. It is in this consultation that the practitioner might be hired and the client is given a recommendation about what to do regarding the problem. While it is the responsibility of the lawyer to point out the facts to the client, the client must also be forthcoming with the facts of the case.

Upon hiring the practitioner, the client may rest assured that the foreclosure attorney will do his or her utmost in staying the seizure of the property in question. The professional will give the client many options on how to resolve the issue as quickly as possible. Among these options are payment of the complete amount due or owed, modification of the mortgage contract or loan, filing for bankruptcy and applying for government assistance. With regards to the first option, full payment is usually not possible because lack of financial assets is what brought the client to this situation in the first place. The modification of the mortgage contract or loan may be done as long there are factors that will lead the lender to agree to extending the loan or lowering the interest rates to make the payments more comfortable.

Filing for chapter 13 bankruptcy is a moved that can halt the foreclosure procedures on the property and give the individual ample time to pay the delinquent payments and make on time payments. Being a good candidate for a Federal Assistance Program that focuses on loans and mortgages means that there has to be factors that may one a legitimate candidate for it. The foreclosure attorney can assess the situation of the client in such a way to reach a sound decision. Usually, the lawyer weighs the pros and cons of the case, presents the options to the client and guides him or her to make the most logical decision for the benefit of the client.