The psychological underpinnings of  foreclosure are often as complicated as the legal entanglement.  First, there’s denial.  Then, feelings of helplessness.  Finally….grief over losing a home. 

It doesn’t have to be that way. Obviously, ignoring the problem won’t  make it go away.  In fact, when foreclosure threatens…time is of the essence.  Foreclosure can be avoided if homeowners act swiftly.  

Foreclosure laws vary from state-to state.  If you’re facing foreclosure  – you need to know your legal rights and to act promptly so that you don’t fall further behind.

As soon as potential trouble looms on the horizon:  job loss, divorce, or a serious medical issue – sit down with your lender.  Loan documents should be carefully examined to see what provisions, if any,  are made for a verifiable financial hardship. 

Usually lenders require specific documentation from you before agreeing to talk.  That’s when trouble can start.  If you send incorrect, or insufficient  information – the negotiation table can be stalled.  Meantime, with no relief coming, you might fall further behind.  Then the threat of foreclosure becomes a reality.

Behind Your Bank’s Closed Doors

Although it appears that the bank doesn’t want to own your home – they do have a large, experienced legal department on their side.  But you needn’t feel helpless against them:

Act to hire your own legal assistance as quickly as possible.  A small investment in a reputable legal service experienced in foreclosure might save your home.   One good choice is The Mortgage Law Group.   Here’s how their expert legal assistance can help:

• You’ll receive a free initial consultation.  An experienced counselor will provide you with upfront support: answer your questions;  help you to explore your options; and guide you to take the next best step.
• An expert foreclosure attorney can effectively deal with your bank on your behalf to quickly negotiate a payment plan you can live with.
• You might be matched with a mortgage relief program that could help you to avoid foreclosure by reducing mortgage payments and lowering rates.
  

 Knowing if you can refinance, qualify for a loan modification, or even get government assistance can  be confusing.

The Mortgage Law Group can take away the fear and help you to make informed, confident decisions that might save your home.

Get empowered.  Learn more about how to save your home.  Visit The Mortgage Law Group.