Hiring a Real Estate Attorney Can Help You Avoid Foreclosure

With record job losses and a plummeting economy, homeowners have seen their property values decrease while their expenses have increased. Many Americans are facing some of the hardest economic times they have ever known. The current economic downturn and the threat of a double recession have forced many people to do the unthinkable: walk away from their homes. When they have to choose between feeding their children and paying the mortgage, they opt for the well-being of the children. So what happens when you cannot pay your mortgage, you are facing foreclosure and you still do not have adequate work to meet your needs? You may need to call a real estate attorney.

Chances are if you find yourself in this situation you are desperate for help. Not knowing where to turn to who to ask can be frustrating and confusing. While your bank is glad to talk to you or at least have a bill collector call, they will often give little to no help when it comes to answering the questions you have about the foreclosure process. This can be quite the headache and stress during an already difficult time in your life. A real estate attorney can answer your questions, negotiate with your bank and handle the difficult paperwork in the process.

But why hire a lawyer? Sure, you can negotiate with the bank yourself. You can even fill out all the time consuming paperwork and fax it over to the bank. However, neglecting to do one small task can be a disaster. Not knowing the intricacies of the law puts you at a disadvantage since the bank certainly has lawyers working for them. Why not give yourself the benefit of having someone on your side when it comes to working through this process.

Your real estate attorney may be able to buy you some time in your home, or even negotiate a better rate for you that makes your mortgage affordable again. With his extensive knowledge of the realty market, your lawyer will know what to do and how to do it so that you have the best outcome possible.
While no lawyer can prevent every foreclosure, it is certainly helpful to have a dedicated person working on your case while you try to hold things together at home. Just knowing that someone is representing you can be a great boost during an otherwise hard time. 

Finding a real estate lawyer is simple. Ask around for a few references and check your favorite search engine. There are bound to be scores of highly qualified individuals who can help you during this time. Many will offer you a free consultation to evaluate your case and see if they can help. Don't hesitate! The longer you wait, the more difficult it becomes to save your home. Being proactive and getting someone in your court quickly is the best approach to solve this dilemma.